$BTC 🚨 $BTC surged to $103K – But caution is needed regarding the possibility of a correction!

📊 Bitcoin has just broken through to $103,228, but the market is currently experiencing a significant imbalance. Short positions have been heavily liquidated with $394 million worth of short orders wiped out, while long positions still dominate.

📉 Data shows that long positions are in the majority, which could lead to a correction as the market has gone too far. When too many traders focus on one side of the market, the risk of a pullback will increase.

💥 The liquidation of short positions indicates very strong buying pressure, but this does not rule out the possibility of profit-taking and a price decrease in the short term.

🧠 Caution: Although $BTC

is showing strong upward momentum, monitor the risk of a short-term correction, especially if long positions continue to increase.