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

Returning to the current market, it can be seen that the remaining short liquidity above the current price is only between 105k and 106k, and above this price level, there is a complete vacuum of liquidity;

Therefore, at least within this week,

the price is unlikely to break through 106k, so in my view, 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 around 97k completes its accumulation.

For those holding long-term short positions with a very high liquidation price, after this round of secondary surge, they must be quite anxious, but in fact, this is precisely when the price is about to start oscillating.