At 09:00, Bitcoin surged to the 99,200 line, followed by a period of high-level consolidation. Is this a brief stop to induce shorts, or a high that is blocked to induce longs? At this time, regardless of bullish or bearish positions, caution is needed. Bulls should not be overly optimistic, nor should they chase the price directly. Bears should also avoid being overly aggressive in thinking that a pullback is inevitable at the 100,000 mark. It is essential to strictly maintain stop-losses.
If we only look at the liquidation chart, the rebound of Bitcoin to the 100,255 line is a position of dense short liquidations, with 900 million dollars in short positions set to be liquidated. If there is a pullback to the 97,200 line, 590 million dollars in long positions will be liquidated. How the market will move can only be verified by time! 37033294015