BTC Market Tracking: The current market shows that short contract liquidations are dominant.
Investors who chased shorts last night have likely encountered stop losses.
The significant price surge began at 5:30 AM, initially driven by the futures market, with the spot market showing only slight follow-up after 6 AM, and trading volume is limited.
As a trader with a short position, I maintain a bearish outlook.
Today's trend needs to pay close attention to changes in market sentiment; if an effective boost cannot be formed, prices are expected to continue the downward trend. Additionally, Powell's speech and the interest rate decision this evening will be key events worth closely monitoring.
