Family, the latest BTC liquidation heat map has gone crazy!
First, let's look at the 82100–84000 range, it's simply a 'bull graveyard':
In the previous sharp decline, the bulls were forced to liquidate, with a large number of positions concentrated in this range.
Now, as soon as the bears start to be liquidated and the market shows concentrated short covering, this area will turn into a strong rebound 'fuel zone'. Once ignited, the market could rise sharply at any moment.
Next, let's look at 90000–91300, this is the real 'bottleneck price level':
In previous rebounds, the bears were badly crushed here, with a large number of short positions liquidated.
• If this time it can break through with volume, and the bears are forced to cover at high levels, it could trigger a crazy surge;
• If it encounters resistance and falls back again, the bulls will become the ones being harvested, and the support below could be breached at any moment.
The 24-hour liquidation scale has reached 123 million USD, and the long-short leverage is fighting at high levels, with neither side willing to give in.
The current market is like a spring compressed to its limit; once the direction is clearly chosen, it will be a large-scale one-sided market.
Keep a close eye on these two key price levels, don't blink.
