As predicted in the article on the 13th, Bitcoin formed a false break at 60,000 and has now fallen below 58,000. So is it still possible to enter the market and go long or short? Let's look at the liquidation map and the unfilled gaps in Bitcoin futures to see which points need to be focused on.

From the current intraday liquidation map, we can see that there are still many short sellers on the upper side. The most concentrated point is between 59300 and 59500. This range has accumulated nearly $700 million in liquidity. The next concentrated point is around 60150. The entire exchange has accumulated nearly $1.1 billion in liquidity.

The liquidation points of long positions are relatively concentrated. If the short positions can hit the 57,000 level in a short period of time, they may get a liquidation strength of 750 million US dollars. This also means that most of the long positions are liquidated between 57,000 and 58,000. However, I do not think 57,000 is an ideal point for long positions, because there is still an unfilled gap below since the rise on the 9th waiting for long friends.

As shown in the figure, the rebound of Bitcoin futures on September 9 formed a breakthrough gap at around 54,200, and it has not been filled and has gone up. Converted into contract price, there is a gap at 53,500-54,000, and this position is also a short-term support position. If a double bottom is formed after the filling, I think it is a position that longs can consider to open a position. $BTC $ETH