#USChinaTradeTalks BTC has confirmed a touch at the 108,000 level. The short liquidity accumulated since last Tuesday has been completely cleared.

Currently, there is a small liquidity gap above. In the short term, only relying on spot buying can drive the price upwards.

However, since the spot premium has not risen, it can be judged that the current situation is still dominated by the futures market. The buying strength for the rise mainly comes from the combined effect of futures short covering and futures long opening.