Bitcoin rose to around 99,200 this morning at 49,533,391,439, and then began to consolidate at a high level. Is this a short-term stay to lure shorts, or is it a high that is blocked to lure longs? At this moment, whether bullish or bearish, caution is required. Bulls should not be overly optimistic and chase the price directly. Bears should not be too aggressive in thinking that the 100,000 threshold will necessarily pull back; strict stop-loss measures are essential for both sides.

From the liquidation chart perspective, Bitcoin's rebound at around 100,255 is a position with dense liquidations for shorts, with $900 million in short positions to be liquidated. If it pulls back to around 97,200, there are $590 million in long positions to be liquidated. How the market will move can only be verified by time!