Monday summary, the direction is wrong, really all efforts wasted, tonight the market may be difficult, mainly short positions! Bitcoin rebounded to a maximum of 102444, Ethereum rebounded to a maximum of 3744. In the past 24 hours, more than 77,000 people have been liquidated, with long positions liquidated at 66.41 million USD and short positions liquidated at 130 million USD. US stocks opened high and rose, the cryptocurrency market followed suit, in the past 4 hours long positions were liquidated at 14.273 million USD and short positions at 74.897 million USD.

On Monday afternoon, sometimes the price rises too fast, making the influx of bulls unprepared and causing fear!

The daily line has continuously closed positive, which we are quite clear about. It has risen significantly, and the current trend has a short squeeze sentiment. This form must not be rushed to the top. If the rising price is in place, then there will definitely not be enough time for correction, so there will be a second surge, at least one wave, and it will take some time.

But after this wave of highs, the space above can only be explored step by step. If it continues to be positive or sideways, then 100,000 will be reached soon, but now, it is still extremely strong.

Since we are looking at an upward trend, the short-term retracement of the 98,000 support position is definitely a long-short hub. If it does not break, it will not stand, and it will stand firm. In the middle of the big rise, it was all hanging in the air, with support and resistance far away. There was no long retracement position. If it continued to rebound and broke through 99800, there was no short position.

Therefore, if you can’t get a spot in the afternoon, just wait and see later. For those who are more aggressive, the 98300-98800 area is the first choice. After the sun rises, no one can clearly see the support and resistance, so let the performance last for two days, then the overall market rhythm will come out, and it will be bullish to 101500 first!

In the short-term operation of BTC in the morning, the price is back to the 98300-98800 area, and the target is 100200-101500.

The state is great, the winning streak is still there, you are not sure whether you are long or short, you have to know your ideas correctly and walk side by side! Create greater glory!