Perhaps we need to pay a little attention to the possibility of BTC pulling back again. On Thursday, the price did not significantly break through the high of the left-side range, yet the futures open interest has already surpassed the level seen at the previous price point. This indicates that the leverage of futures bulls has slightly increased, while bears are also willing to take the opposite side at this price level, which explains why the price has not significantly increased, but futures positions have clearly risen.

Generally speaking, this situation often requires a pullback to reduce positions for correction. To be honest, the bulls currently appear extremely confident, as can be seen from the distribution of liquidity; bullish liquidity is evenly distributed across various price levels, while bears seem very cautious, with small stop-loss settings.

In this situation, the market often captures the small stop-loss liquidity of bears through continuous small upward breakouts, and then makes a deep pullback downward in one go, thereby capturing all bullish liquidity. There has already been one such occurrence before, so if it happens again, it is entirely reasonable.

Disclaimer: This is not a bearish view, but rather a suggestion for short-term bullish positions to mimic the bears by tightening stop losses or moving take profits. Prices may continue to rise to capture liquidity, but once they turn, there will be no chance for rebounds to take profits.