#BTC inserted 1160, currently there hasn't been much action in the range between 1150 and 1160 for both bulls and bears.. It seems like everyone is waiting for the direction of the US stock market..

Currently, the A-shares, Hong Kong stocks, and US stock index futures are up before the market opens, so it is estimated that the US stock market will continue to rise today..

However, whether the US stock market's continued rise can drive Bitcoin's price up is hard to say, as 1160 has already become the upper boundary of the range.. Breaking through this range is a significant psychological barrier.. Moreover, the favorable news between China and the US has already been digested in the crypto market yesterday and today, so if the US stock market only digests this good news today, the crypto market may not necessarily follow suit..

Currently, the short position at the false breakout of 1160 has a high cost-performance ratio.. If it breaks upwards, there are almost no better high-certainty short positions available.. Only between 1170 and 1177 might there be some trapped positions from the previous spike.. However, it is uncertain how many have not been liquidated yet.. More certain points will be around 12W, for example, here at 1196...