The distribution of market clearing liquidity seems to be balanced;

It feels like after Christmas, at the latest next week, we should see a relatively strong market trend, with large futures positions being cleared both upwards and downwards, it really has a sense of the volatile market from the beginning of the year to mid-year;

Currently, I am still looking forward to the long liquidity in the 86500 area being completely cleared before breaking new highs, while the least favorable scenario is a small range of fluctuations;

In the short term, a price above 100,000 may test the inertia of clearing short liquidity, but the original 4-hour bullish trend structure has been damaged in the recent week's pullback, so I personally speculate that after the rebound finishes, it will need to go down for a test;

Ultimately, looking back, this will be another long-term large range of volatile market;

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