Market Trend Analysis

1. BTC Strong Short-Term Breakthrough at 100,000 USD

BTC has surged several thousand dollars in the short term, successfully breaking through the 100,000 USD level, demonstrating strong momentum. Among the sectors, ARC and XELS led the gains, but the overall market showed a mixed trend, with the number of declining assets exceeding those that rose, requiring cautious observation of subsequent trends.

2. Macroeconomic Market Support

The S&P 500 and Nasdaq rebounded for two consecutive days, with the US December services PMI reaching a new high since March 2022, and employment data showing signs of recovery, ending the previous contraction, providing certain support for risk assets.

3. BTC/USDT Liquidation Map Analysis

Current Price: 102048 USDT

• **Downside Risk:** If the price falls to around 101048, it will trigger cumulative long liquidation exceeding 530 million USD.

• **Upside Opportunity:** If the price rises to around 103048, it will trigger cumulative short liquidation exceeding 546 million USD.

• **Recommendation:** The liquidation amounts for both longs and shorts are close, with significant volatility risk in the short term; it is recommended to control leverage ratios to avoid large-scale liquidations due to drastic market fluctuations.

Summary: BTC shows strong momentum in the short term, but market differentiation and liquidation risks should not be overlooked; careful positioning and risk management are necessary.