The BTC daily chart has currently entered a standard range-bound fluctuation market. Since the fluctuation market has begun, the first step is to confirm the range of the box. The current box range is 91300-105000. The closer we get to the lower edge of the range, the more advantageous it is to go long, and vice versa.

In a fluctuation market, the issue of liquidity liquidation needs to be taken seriously. Currently, the main short liquidity is concentrated at prices above 100,000, especially at the position of 101,800. If the upper edge of the range is tested again, then this position is the primary liquidation target.

On the long side, when the price dropped to around 95,000 in the early morning, the market saw the buying power of high-leverage longs bottoming out. However, the liquidation position for this round of bottom fishing is around 93,500. In the short term, the entry of long buying can provide some support for the market, but the risk of liquidation during the week is relatively high.

If the market further confirms the range fluctuation, then the large amount of long liquidity near 90,000 will still be subject to pin liquidation. But this is not necessarily a bad thing, as after the liquidation is completed, rebounding to 100,000 will be very easy, after all, the load is lighter, making it much easier to pull up.