BTC：

Today is Wednesday,

Last night it broke the new high as expected, the first day target of 93500 has been surpassed, but it did not reach 95000 afterwards.

If we specifically look at the liquidation point intensity, three intensity levels were marked yesterday, two were cleared, and there is still one level above that is only about 300 points away but has not been liquidated.

Is this a trap for shorts?

Now that the price is retracing, we should pay special attention.

Because according to the timeline, high points are allowed to appear before November 25, and from a larger timeframe perspective, the low point of 49000 can reach a maximum of 98000.

However, due to emotional and liquidity factors, it is possible to spike to 100500-101300.

Trading advice: combine the above conclusions, buy on dips, and set your stop loss at 500 points.

The risk of shorting and the risk-reward ratio are too large, and I do not recommend it.