On March 4, 2022, Bitcoin rose to the 99,200 level in the morning, then began a period of high-level consolidation. Is this a brief pause to lure short sellers, or is it a peak that is blocked to lure long buyers? At this point, whether bullish or bearish, caution is required. Bulls should not be overly optimistic about the upward trend, and definitely should not chase after the rise directly. Bears should also not be overly aggressive in thinking that the 100,000 mark will necessarily see a pullback; strict stop-loss measures must be in place for both sides.

From the liquidation chart perspective, the 100,255 level for Bitcoin is a densely packed liquidation point for short positions.