Currently observing the liquidity of Bitcoin futures from a micro perspective:

It seems that the futures bulls and bears are both trying hard to pull...

When it retraced to the lower liquidation zone, it was caught by a large amount of buying, so the bullish liquidation market was not triggered.

When it moved up into the short liquidation zone, there was also some selling, causing the price not to directly go into a bearish liquidation.

Therefore, there are two explanations presented in the video:

1: The short-term turnover rate is too high, and the market is gradually shifting towards a large amount of short-term trading sentiment. (This is also what I have been encouraging everyone to do)

2: The market wants to undergo the liquidation process, but the liquidity on both sides is not sufficient, and the fuel is lacking.

So in terms of small structure, I still lean towards the probability of channel oscillation upwards. Of course, this usually comes with a setup, and the previous trends have surely witnessed this. This kind of structure has no margin for error, so regardless of whether the holding direction is right or wrong, there is no need for a big picture, using a very small stop-loss ratio to strive for a larger space.

Feel free to share, for entertainment reference. (The red falling line mentioned yesterday represents the medium-term bias. Today, we are discussing the short-term.)#BTC挑战11万大关