🚨 Short Sellers Surrender and Market Outlook Analysis 🚨

📊 Current Market Conditions

Short Selling Situation: Most short sellers have surrendered, but there is still residual short liquidity, mainly concentrated in the $105,000 ~ $106,000 range. Long-term Short Liquidity: The price of this short liquidity is between $87,000 ~ $89,000, belonging to low-leverage long-term shorts, with less potential pullback pressure. New Short Liquidity: After yesterday's price surge, some new short liquidity was added, but there has not been a significant increase in short liquidity above $106,000.

🔍 Main Points of View

Short-term Price Upside Potential: Due to a lack of new short liquidity at high levels, the upper limit for price increases in the short term is expected to be around $106,000. Potential Pullback Target: If the market adjusts, prices may fall back to around $101,400, and attention should be paid to the support strength in that area. Long Position Liquidity Support: Before a large accumulation of long position liquidity occurs around $83,000, the futures market is unlikely to experience a deep pullback, and market sentiment and liquidity will continue to play a major role in price movements. Macro Risk Factors: If significant news such as a breakdown in US-China talks occurs, spot supply may dominate market trends, and the reference significance of the futures market will decrease.

📈 Future Outlook

Market Sentiment Observation: Current market sentiment is becoming cautious, and price movements may fluctuate between key support and resistance levels, requiring close attention to market dynamics. Potential Breakthrough Opportunities: If the price successfully breaks through $106,000 and maintains an upward trend, it may trigger stronger upward momentum. Risk Control Tips: Investors should pay attention to price support around $101,400 to avoid deep pullback risks in the absence of support.

💡 Investment Strategy Recommendations

Wait for Market Confirmation: It is recommended that investors first observe market trends, especially the performance of prices near key levels, to avoid blind operations. Monitor Liquidity Changes: Closely monitor the situation of new short liquidity at high levels and adjust investment strategies in a timely manner. Prioritize Risk Management: Regardless of market trends, always adhere to risk control, set reasonable stop-loss levels, and avoid significant losses due to sudden market changes.