Today's market analysis is here
The Bitcoin contract liquidation map shows that if the BTC price breaks above $100,000, $1.332 billion worth of short positions will be liquidated; if the BTC price drops below $93,840, $1.4 billion worth of long positions will be liquidated.
1. Bitcoin tested the bottom twice last night, confirming a short-term bottom, rebounding after touching the Vegas channel line.
2. Bitcoin shows a slight rebound with an hourly bottom divergence.
3. The range is confirmed; Bitcoin is currently in a volatile market. If Bitcoin breaks above $98,508, the short positions around $100,000 should be noted for timely risk avoidance.
4. The probability of interest rate cuts has reached over eighty; the CPI data will be released at 9:30 PM. If the CPI is not higher than expected or lower than expected, the market will remain unchanged and continue to rise. If it is higher than expected, it may end the rate cuts early, which is bearish. Bitcoin has a chance of breaking below the lower edge of the range, retesting around $90,000.
Bitcoin still indicates risk; if it does not break through, the market will not change much. Keep an eye on the area around $94,400.