Interpretation of Flight Situation on the Evening of March 24
Bitcoin has currently formed a double top, with entry points referencing the top weekly neck resistance around 89100 - daily Bollinger upper band resistance around 90000. The overall idea is to rise first and then fall; logically, we look at the liquidation map. From the trading perspective, after the double top, there will first be a short squeeze, and then if it declines, a large liquidation amount exists starting from 83300, with 6 billion in liquidation around 80000. Therefore, the main take-profit level for this large wave of short positions is calculated around support and liquidation amounts.
Operation Silk Road:
Main Bitcoin line 89100-90000 🈳, target 85300-82400