#BTC重回关键位置后走势

After breaking through the important emotional barrier of 100,000, Bitcoin quickly dropped to 91,000 for the first time, and then quickly recovered to 102,000. This time, the funding rate was as high as nearly 0.1%, and the altcoins did not follow the decline. After two days of narrow consolidation, it fell to 95,000 again, and regained 100,000 again in two days. After reaching 102,000, it was still blocked. This time, the funding rate was 0.06%. The altcoins followed the decline, and the rebound strength weakened, and most of them did not reach the previous high.

According to the liquidation map, the entire network will have nearly 2.7 billion short positions liquidated near 110,000, and nearly 400 million will be liquidated near 99,000. There is still 10% room for growth when it reaches 110,000. (Figure 1)

Spot ETF, recent funds have been buying, no matter whether the price of Bitcoin rises or falls, they just buy. Very strong funds have kept the price of Bitcoin in the range of 90,000-100,000 (Figure 2)

Personal opinion: If the price breaks through 104,000, then reaches above 110,000, and fails to stand firm, it will be a good position to open a short position. The current price is a big test of psychological pressure for long traders.

There is no market that only rises and never falls. Don't be swayed by emotions. Analyze the market carefully to help you make important decisions for your transactions. There is no 100% winning rate. Don't worry about any factors that can affect your trading emotions. Just be yourself, this is more important than anything else