Last night, BTC's pullback was also within the liquidation range of long positions (around 103200);
Until the rebound at 106900-108850 liquidated short positions, because the high point reached 107800 has liquidated a large portion, and the recent three small high points above 107800 are: 108000, 108300, 108850.
If it breaks 108000 today, then short positions will be almost completely liquidated, and then some will re-enter at high short positions, and what follows will be looking up to the major threshold of 110000.
I have been emphasizing that all major data points, including Trump's occupancy of the White House, are key positive indicators, so why go against the trend? Isn't it better to see things clearly earlier?
