This week's BTC futures liquidity map update analysis:

The market on Monday has completed the liquidation of the short liquidity in the 106k~107k area leftover from January 31. With the volatility of last week coming to an end, both long and short sides have begun to accumulate considerable liquidation volume.

Trend structure judgment:

The current market's overall structure still maintains a volatile upward trend. Although the short liquidation volume in the short term is less than that of the long, it should not be hastily determined to have turned — the critical point for the destruction of the long trend is near 100600, and only a break below this level requires vigilance for a deep correction or trend reversal.

Market expectations for this week:

Bullish or continuation of volatility: If the two low-density long liquidation areas below the price do not evolve into high-density areas, the market is expected to continue testing previous highs + liquidation rhythm;

Extreme scenario projection: A bearish trigger causing the price to break below the lower boundary of the range may lead to a chain liquidation of long liquidity, targeting a drop to 90800; if the spot buying remains strong, then the short liquidity above may be ignited, pushing the price to hit 117000.

Operational reference:

Refer to the yellow rectangles marked in the chart:

The upper edge of the rectangle above is a potential resistance level; the lower edge of the rectangle below is a potential support level.

The current market is still dominated by futures, and caution is needed for the two paths of "new high breakthrough" and "second high oscillation".