Since Bitcoin rebounded to 10,200 and encountered resistance and retreated, it has been consolidating below 100,000 for 11 days. According to BTC inertia, the longer the consolidation, the more the dealer absorbs funds, and the greater the chance of a real market trend.
So where should we open a short position with a better profit and loss ratio, and at what point is it appropriate to buy more? Let's take a look at the liquidation map:
From the liquidation map, we can see that the liquidation points where short orders are concentrated are 98300 and 99000. The liquidation strengths of these two points are 240 million and 300 million US dollars respectively, while the liquidation strength of short orders is relatively concentrated all the way to 99400.
What the short sellers need to pay special attention to here is the 98300-98500 line. This is not only the previous high but also the concentrated liquidation position. If you come to this position to insert a pin, it is a good point to try shorting with a small position
But if the big positive line breaks through, you may need to consider stopping the short position in the short term, because the next important resistance level will be around 102000.
On the other hand, the concentrated liquidation points of long and short positions are 95800, 95150 and 94500, with cumulative liquidation intensities of 136 million, 221 million and 400 million US dollars respectively, while the concentrated liquidation range of long and short positions is around 93540.
The points that bulls need to pay attention to here are 94500 and 93500. If the price can rebound to around 94500, bulls can also try to buy with a small position.
However, since the downward trend has not been broken, a more stable long position can be considered in the range of 92700-93500. If there is a rebound, it can be used as a reference. However, since it is a left-side transaction, the stop loss and leverage must be small $BTC