$BTC After last week's slaughter of the long position at 102000, the market has just recovered.
Insufficient liquidity over the weekend has led to price fluctuations, and now it is in a narrow range, seemingly waiting for signals. The key liquidation levels are bearish at 107700 and bullish at 102700; breaking either could trigger a market explosion.
The Hyperliquid liquidation map shows 809 BTC short positions pressuring 108000, and 451 BTC long positions hanging at 103500, suggesting a potential false breakout followed by a pullback. There has been significant volatility over the past 24 hours, but trading has been sluggish, with turnover rates continuing to decline; most are on the sidelines, and only those trapped are still struggling.
BTC, ETH, and XRP have remained rock-solid in recent days, showing no signs of decline. After the pullback ends, there is a high probability of pushing towards 110000.
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