Bitcoin rebounded from the lowest point of 58900 last night to the highest point of 62200, an increase of nearly 6%. So which positions can be used as reference for long positions to enter the market, and which positions should be paid attention to by short positions? Let's look at the key long and short positions from the liquidation map:
Judging from the liquidation map of all exchanges, this wave of rebound has left little short position liquidation strength. The remaining short positions are concentrated at 62370, 62770 and 63350. The liquidation strengths of these three points are 101 million, 378 million and 650 million US dollars respectively. The upper short position liquidation range is around 63570, which is also near the previous high. If there is resistance near this point, it is a point that short positions can refer to.
On the other hand, there are more liquidations at long positions, and the liquidation intensity is much greater than that of short positions. The four liquidation points with more concentrated long positions below are 61470, 60430, 59440 and 58500, with liquidation intensities of 227 million, 956 million, 1.749 billion and 2.241 billion US dollars respectively.
The liquidation intensity of long orders has been concentrated around 57700, and this range has accumulated nearly 2.5 billion US dollars of liquidation intensity. The 57700 line is near the previous low, so this point is also the point that longs must pay attention to.
Moreover, the futures gap of 54500 has not been filled. If this rebound can encounter resistance at 63500-64000, and then go down to fill the gap and rise, a new bull market may begin. Of course, this is just my personal guess. If you have any ideas about the market outlook, please leave a message in the comment area $BTC $ETH