December 3rd Position Liquidation Chart

If Bitcoin breaks through $98,000, the cumulative short liquidation intensity on major CEXs will reach $1.483 billion.

Conversely, if Bitcoin drops below $93,000, the cumulative long liquidation intensity on major CEXs will reach $2.49 billion.

Currently, shorts are less than 3,000 points away from 93,000, and longs are also less than 3,000 points away from 98,000. If you can't hold the direction, I do not recommend opening a position. At this stage, I will not open a position as there is no clear short K-line pattern yet.

The liquidation chart is only a reference; one cannot rely entirely on it for opening positions as it is easy to be misled. The data available in the market has often been digested by manipulators in advance, so it may be several layers of data. I suggest everyone wait for my signals and be patient.

Regarding Ethereum, I mentioned this morning that the daily level has formed a Evening Star pattern, indicating a potential bearish outlook. I personally entered at 3650 in advance and also shared this with everyone. Currently, Ethereum's price is 3600, and I plan to hold until Friday, with a floating profit of 50 points, which is not significant.