Bitcoin rebounded sharply around 90800, which we analyzed last night, and is currently approaching the 95000 mark. So where do both bulls and bears need to pay special attention? Let's take a look at the liquidation map:

From the liquidation map, it can be seen that this wave of rebound has clearly led to a greater liquidation of long positions compared to the overhead bearish strength. Currently, the main concentrated liquidation point for bears is only around 95800, with a liquidation intensity of 240 million USD, while the liquidation range for bulls accumulates up to 96716, with a cumulative liquidation intensity of 325 million USD.

Therefore, the key point that both bulls and bears must pay attention to right now is around 95800. This position is not only a concentrated liquidation area but also near the 0.618 level of this wave of decline and the resistance/support level above. If a false break occurs, it is a good reference point for short positions.

However, the risk is also very high, because once there is a pullback at this position, many people will inevitably chase short positions, so it is also necessary to guard against the behavior of stopping losses for previous high short positions after a pullback.

Conversely, the concentrated liquidation points for bulls currently are 92900, 91600, and 90400, with cumulative liquidation intensities of 208 million, 490 million, and 720 million USD respectively. The concentrated liquidation range for bulls extends up to around 89470, which has accumulated 890 million USD.

Bulls need to pay special attention to the two concentrated liquidation points of 91600 and 89500. If the price touches 95800 and there is a significant drop with a large bearish candle that doesn't recover in a short time, the market might need to clear these two concentrated points below.

Moreover, 91600 and 89500 have certain support, so if there is a large retracement, 91600 can be a small position to try long, while if the market really reaches around 89500, it would be a good reference point for long positions.

Lastly, it should be noted that the liquidation map cannot serve as a direct basis for opening positions, as its calculation methods and lagging issues often lead to a certain degree of distortion. However, if used to verify the resonance of points you derive from technical analysis, it often yields good results$BTC