$BTC Good morning, brothers. Yesterday, I spent the night reviewing and wrote an article analyzing liquidity.
The big coin dropped from 93000 all the way to 83700, creating a wave of panic, and then it directly v-shaped back up. This kind of market is not something we retail investors can often bottom-fish, and retail investors started shorting from 86000. Currently, the short positions from the high point of 94000 have a demand for a pullback, but the main force will not kindly release the trapped short positions below, so everyone shouldn't be overly optimistic. If the shorts around 90000 can give an opportunity to exit, they should. According to liquidity, a lot of long positions have been liquidated in the range of 90900-89000, including considerable liquidations around 91500-91000, but the main force currently shows no signs of turning back, indicating that the rally is not yet in place and the trapped shorts have not been fully liquidated. If given the opportunity, the trapped brothers should definitely exit to observe. In the history of Ethereum's upgrades, they always drop first and then rise, with an increase of around 1000 points; whether this script will play out we do not know, as there hasn’t been any pullback. At this point, both long and short positions in Ethereum are not recommended to operate; it’s best to watch.
This week, the big coin's weekly candle has a long lower shadow, making it very difficult to significantly pull back down. The suggestion for the big coin is to accumulate long positions at 91700 on pullbacks, and add positions at 90700 with a stop loss at 89999. It is not recommended to short before the big coin; do not go against the trend. When it breaks through, it will be near 96; further updates will be provided. If you are hesitant to enter long positions, just observe.
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