Another weekend has arrived, brothers! As always, even though it's the weekend, there are still opportunities to harvest. As long as you are not greedy, the gains can still be quite considerable.

In terms of the current trend, the rise in Bitcoin is mainly due to the continuous liquidation of short positions. This is because during this surge, the ETF has actually seen net outflows of funds, yet the price of cryptocurrencies has risen this morning. It has already broken through the daily midline at around 98,000. As I mentioned earlier, once it breaks and stabilizes, there is a possibility of further testing the 100,000 mark. The intention of the market makers is very clear now: to explode the short contracts and liquidate them as fuel for the rise. Short positions being liquidated require forced buybacks of the coins they shorted, creating buying pressure and causing the price to rise, which will trigger even more short liquidations. Currently, there is still nearly 10 billion in fuel for shorts. Therefore, we cannot rule out a slight pullback at midnight or possibly no pullback at all, continuing the rebound and further exploding the shorts. Hence, the potential pullback at midnight may not be significant, and after a slight pullback, we will continue to see bullish trends, watching for the bulls to extend!

On Friday midnight, Bitcoin slightly pulled back around 97,500 before continuing to go long, looking at the 99,000-99,500 area. Once it goes up, watch for signs of pressure before going short. Ethereum has also broken through the fluctuation range for over ten days, and the 3,550 level may form a top-bottom reversal. At midnight, refer to this position to follow up with bullish trades, initially looking at around 3,630 and then 3,800. There may be fluctuations along the way, so you can enter on dips. #比特币诞生16周年 #ADA热度上升 #BIO开盘 #币安Alpha上新 #币安全球用户突破2.5亿