From the liquidation heatmap, the market pullback has still liquidated most of the high leverage positions, while the main long positions are near 92,000. The current strong support level is around 94,000, and there are still not enough long positions being liquidated. On the other hand, the short positions have also been affected by the recent bull market surge, with relatively fewer high orders. Liquidating the short positions still requires a rebound to recover to around 100,000. Considering the recent bearish data is about to be fully digested and the situation with Trump coming to power, even if the US central bank cannot hold Bitcoin, it will not significantly affect the price surge. Looking at the hourly chart of the current market, although there is a clear downward trend line, the signals for a downturn have been somewhat blocked. The market has slightly stabilized and rebounded. Although it has not recovered to the previous high, the market is close to touching the strong support at the bottom, and there is not much space below, so the operation should continue to look for a rebound.
Buy Bitcoin in the range of 97,000-96,700, targeting around 99,000.
Buy Ethereum in the range of 3,420-3,400, targeting close to 3,600.
