The ratio of longs and shorts has also reached a relatively high level, which means that longs are relatively safe. Secondly, the current BN funding rate of Bitcoin has become negative, and BNB has even reached a funding rate of -0.03. This situation will often be repaired in a short period of time. The current market is bearish, and the dog dealer's harvesting methods are usually anti-human. From the 7-day volume of the liquidation data of the shorts above, a large number of short positions have accumulated at or below 103,000 waiting for liquidation. It has been said before that before Trump took office, Bitcoin may continue to go to the range of 103,000~105,000. After all, this wave of market pull-ups is due to Trump's coming to power. Before the corresponding good news lands, according to the trend before the news lands, there will be a wave of pull-ups, and then the good news will land and start to backtest. Human nature will not change, so I believe that this wave of trends will be the same, so the probability of continuing to see a rebound is greater!

However, it is worth noting that after the rebound, there may be a deeper decline. Therefore, this wave gives an opportunity for a rebound. Remember not to fight to the end. As the New Year is approaching in our country, it is better to take profits and have a good New Year. There is only one trading day for US stocks this week. I hope that when the US stock market opens tonight, ETFs will be able to usher in a wave of bottom-fishing.