Let's take a look at the futures liquidation map distribution under the long cycle of the pancake on the weekend;

During the March cycle, last night's drop liquidated the last wave of long liquidity in the range of 100,000 to 110,000, causing the balance of long and short liquidity in the current futures market to be disrupted again, with high short liquidity becoming the heavier side of the scale;

If the price does not intend to fall below the lower edge of the 100,000 range, then the ultimate target for the subsequent market will head towards 114,700...

Liquidity distribution over more than a month is usually highly distorted, as the liquidation map only marks the liquidity after futures positions are opened, and closing positions will not be displayed. Therefore, we cannot accurately know how much liquidity remains in this densely packed high short liquidity liquidation area;

After all, the price could have gone directly in before, but it chose not to liquidate and turned around due to the conflict in the Middle East...

This makes subsequent liquidity analysis even more difficult...