#BTC重返10万 Yesterday, there was a wave of upsurge, and Bitcoin completed the liquidation of all short liquidity at 104k.

Returning to the current market situation, we can see that the short liquidity above the current price is only the remnants from 105k to 106k, and above this price level, there is a complete vacuum of liquidity;

Therefore, at least within this week,

it is unlikely that the price will break through 106k, so in my opinion, the current situation is:

1. Short liquidity (fuel) is almost exhausted!

2. The total amount of unliquidated long liquidity is relatively high, but scarce near the current price;

3. The funding rates of the three major exchanges have all returned to normal.

Therefore, it can be expected that the range of 100k to 106k will become a new oscillation zone until the short liquidity above 106k fills this gap, or the long liquidity near 97k completes its accumulation.