Are long and short positions being manipulated again? According to the data, nearly 100,000 people were liquidated in the last 24 hours! Among them, long positions lost 100 million, and short positions lost 1.5 million. Looking back at the market, the thought process remains the same. This morning, I suggested continuing to follow long positions around 98,000, but due to the holiday in the U.S., the market has been largely stagnant, still ranging sideways. In such a market condition, it feels a bit tasteless to hold but regrettable to abandon. #BTC☀ #ETH🔥🔥🔥🔥🔥🔥

From a technical perspective, the short-term rebound did not provide a significant pullback. Although there was a minor pullback at midnight, compared to the rebound space, it can only be seen as a correction. We should wait for a substantial and rapid pullback to consider the reversal. After confirming support from a small cycle pullback, we can expect stabilization followed by another rebound in the afternoon and evening, which remains unquestionable. Just make sure to grasp the subsequent pullback points to follow long positions.

Bitcoin is hovering around 97,800-97,500, with expectations above 100,000. Ethereum is around 3,480-3,460, with expectations looking at 3,550.