After experiencing a pullback and rebound this week, the shorts took action.
Although spot liquidity was insufficient on Thanksgiving Thursday, the futures market was very lively. When the price pulled back from 97,000, a large number of short orders poured in, because the price was around 100,000, and the shorts had enough momentum. 👗伽嶶#btc7772
Friday's opening time closed 3 hours earlier. It is necessary to pay attention to whether US dollar funds and spot buying can help break through 100,000 and resolve short liquidity. Although short liquidity is attractive, it is also necessary to pay attention to the risk of spot selling pressure causing a drop. There was a precedent near 70,000 before. After all, the current funding rate is high, and short orders may come from large funds or main forces.
The direction of the spot market plays a decisive role. If there is a large-scale purchase tonight, it is expected to break 100,000. If there is a large-scale shipment, short liquidity will be maintained for a long time.
In general, short-term long positions are more feasible, with a rise probability of about 60%, a fall probability of about 30%, and a sideways probability of about 10%. The price is expected to be as high as around 105,000, and the subsequent trend is difficult to judge.
