$BTC retreated to the support level of 62800 yesterday and then rose to 64400. This morning, the market was beaten back to its original shape.

Currently hovering at the 4-hour support level, funds have been flowing out since last night. It is estimated that the large amount of funds yesterday was waiting for the sprint to A shares today. Unexpectedly, it directly hit the daily limit on the first day of opening.

$BTC The cumulative trading volume of spot has been falling. The two contract positions remain unchanged, which means that the funds in the market tend to flee. The short positions of the day are all piled up at the position of 63400, with more than 80 million liquidations.

I personally feel that these shorts need to be liquidated again before they can fall rapidly, so that a perfect long-short strangle can be completed.