Today is May 3rd.

Bitcoin just broke through 59,600, touching our bullish and bearish dividing line. The longs and shorts are now in a state of anxiety. What does it mean if Bitcoin occupies 59,600?

Next, let's use the Bitcoin OBTI explosion chart to analyze.

From the one-hour explosion chart of Bitcoin, no one has opened a short position. If Bitcoin falls back to 58,300, all the large long positions will be reported. The highest volume of the long position is 2.8M.

Let's take a look at the global explosion chart of Bitcoin. At present, there are more people opening short positions than those opening long positions near the price.

If it rises to 65,000, all the large short positions will be reported.

The highest volume of the short position is 2M. This long long position explosion position is mainly concentrated near 58,200, and the volume is 2.3M. The current trading volume is indeed much less than before.#BTC回调才会更好的上涨 #合约爆仓 #btc走勢