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Currently, the market has pulled back to a low around 95,300, and there may be an expectation that this position is a good opportunity to re-enter. However, my insight is that this adjustment process is not yet fully complete, and the long position cleanup is not thorough; the subsequent market developments may once again be noteworthy.
From the liquidation distribution chart, the long positions have suffered significant impact, and the distribution appears scattered, but this situation has not yet reached an extreme state. It is expected that during the night, the market's rebound strength will remain limited, and it is advisable to pay attention to the key level of 97,000. If the rebound fails to break through this level, it is prudent to maintain a bearish strategy.
In the short term, the market may exhibit a volatile and repetitive trend, but this round of pullback is expected to at least touch the range around 93,500 to 93,800. Only when the price stabilizes in this area can one consider re-entering long positions. #BTC上攻11万？ $BTC