Today is Father's Day, spending time with family, so I won't be opening the warehouse. Let's see if we can hold below 105000. If we hold, we might continue to probe lower, but the force won't be too strong! Happy Father's Day everyone 👨
Ongoing increase in open contracts: 24-hour OI increased by 2.43%, 4-hour OI slightly increased by 0.1%, indicating capital inflow into the market, with the main players positioning themselves.
Large holders' long-short ratio significantly biased towards long: The large holder long-short ratio is 1.50, and the proportion of large holders' long positions has remained above 59% within 4 hours, showing that 'smart money' is accumulating on dips.
Short liquidation dominates: In the past 24 hours, the amount of short positions liquidated is 7.2 times that of long positions; within 4 hours, short position liquidations amounted to 930,000 USD vs long position liquidations of 233,000 USD, and forced short liquidations may drive price rebounds.
Order book buy support is strong: Buy orders at a 10% depth slightly exceed sell orders, indicating strong buying pressure below. Resistance Levels:
R1: 106000 USD (psychological level + previous high of 4-hour candlestick)
R2: 106173 USD (today's highest point, breaking this opens upward space)