Bitcoin staged a long-short spike tonight, rising sharply from 65,000 to nearly 68,000 and then falling sharply, fluctuating up and down by nearly 5%. It has now rebounded to more than 66,000. In 4 hours, the long and short positions have reached 168 million. So after the spike, what concentrated liquidation points should we pay attention to? Let's take a look at the liquidation map:
From the liquidation map, we can see that although the market has just fallen rapidly, it has not caused a serious blow to the confidence of the bulls. The strength of long orders is still greater than that of short orders. The market is still bullish. At present, the liquidation points of short orders are mainly 67050, 68000 and 68450, with liquidation strengths of 40 million, 187 million and 300 million US dollars respectively.
The concentrated liquidation range above also extends to 68480. This range has accumulated nearly 360 million US dollars of liquidation strength, and this point is also a point that short sellers need to pay attention to. If a false break occurs at 68500-69000, this point is a position where short sellers can consider opening a position.
On the other hand, the long positions are more concentrated, mainly at 65,000 and 64,590, with liquidation intensities of around 348 million and 530 million US dollars respectively. The long liquidation range has been concentrated around 63,950, and the accumulated liquidation volume in this range is 667 million US dollars.
In summary, although Bitcoin has experienced a double kill of longs and shorts in a short period of time, because the trend has not been broken, there are still many friends who are long below, so we need to be vigilant whether the dealer will clear the longs below to obtain some liquidity and then pull up the market. The points that the longs need to pay attention to are 64500 and 63950. If there are signs of a pin rebound, it can be regarded as a reference point for opening a position. $BTC
