In this weekend's low-volume fluctuation market, Bitcoin has shown new bullish liquidation signs around the 109000 area. The emergence of this situation seems to be a warming signal released by the futures market, making people look forward to the subsequent trends with a bit more anticipation.
From the current liquidity distribution, the situation clearly favors the bulls. To trigger a downward liquidation, a violent and rapid decline must occur; conversely, the upward movement has a good chance of initiating a sustained rebound. Currently, the bullish liquidation line is set at 107000, interestingly, there is no clear liquidation line for the bears. Moreover, in the area above 113500, it seems to be providing support for price increases. Coincidentally, this weekend, the market's only liquidity gap has also been filled. Various signs indicate that the current market situation presents a relatively positive aspect for the bulls. Whether the bulls can leverage this favorable wind to make significant moves in the subsequent trends is a situation worth our close attention.
Personal advice for reference only
I am Li Kui, follow me to learn about the latest news in the cryptocurrency world
