BTC big pie surged in the evening with high volume, how to view the big pie now?

What can be seen is that the big pie has dropped from the high point of 108,000 to 92,200. This wave of decline has already seen large capital outflows from the big players, and this drop has touched 92,200, where high leverage positions have been liquidated, while some low leverage long positions are still holding.

The rebound did not reach 100,000, because there is a large number of trapped positions above 103,000. After the rebound of the big pie, it hit the low again yesterday, falling to 92,500, causing many trapped positions to panic in the range of 92,500~93,000. As long as retail investors panic, they will cut losses and exit at this position; the aggressive ones, under psychological pressure, who trade based on feelings, will open a short position at this level.

The position of 92,500~93,000 is where many people opened short positions, feeling that it would break below 92,200 and make a new low. The big players directly pulled it up to the resistance level of 99,000 in one go. If this wave of market reaches 99,000 and shows a decrease in volume during the pullback, everyone should pay attention to the upper range: 101,500~102,200, with the resistance level at 103,000 seen online. This position is where everyone takes profit on long positions and where trapped positions are released, not a position to chase highs and go long. If there is a decrease in volume at this high level, be aware of the risk of inducing more buying; if the market pulls back again, it will return to the range of 90,000~89,500.