Is Bitcoin unable to rise? What's the next step? A bull market at the ten-thousand level!

The current price increase of BTC is mainly due to the forced liquidation of shorts, as the ETF has actually experienced a net outflow of funds during this surge, yet the price of the coin rose in the early morning today. So, the intention of the market makers is very clear now: to explode the short contracts and liquidate them as fuel for the rise.

When shorts are liquidated, they have to buy back the coins they shorted, creating buying pressure, which causes the price to rise. This will lead to more shorts being liquidated, resulting in a chain reaction of liquidations, going from 91,500 all the way to 97,500 (around 97,000, which is also a dense zone of chips).

Currently, although the market makers have exploded the 97,500 level, the shorts are still in the game as if they are possessed, and there is still 10 billion in fuel left. So, I think the market makers will take a break, and after a pullback to the 95,000-96,000 range, they might explode another wave of shorts.

The shorts do not stop, liquidations continue, pullbacks lure shorts, fattening them up for slaughter. #ADA热度上升 #BIO开盘 #BIO开盘 #币安Alpha上新 #币安全球用户突破2.5亿 $BTC $ETH $XRP