In recent days, during the fluctuations and pullbacks, short sellers have continued to build positions, with a large amount of short liquidity accumulated at 102k and 104k. Compared to the long liquidity below, the short liquidation price levels are more concentrated.
Such dense short liquidity will eventually be liquidated. If the price continues to pull back, it is wise to accumulate long positions gradually in the range of 92000 to 86000.
From 60000 to 100000, a consolidation is necessary regardless; even if a peak is reached, there will be prolonged fluctuations (1 to 3 months). During this period, a swing trading approach can be employed. Once the duration of the fluctuations is sufficient, the next phase of the trend can be considered.
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