$BTC

Bitcoin had a violent rebound yesterday, a situation that also occurred in March this year. For example, after a violent surge to liquidate short positions on March 20, it dropped for two days on March 21 and March 22 to induce more shorts. This could very well happen again because I see that the amount of short leverage above may not be sufficient. The liquidation point for the major shorts is around one hundred thousand, and if there are not enough positions to liquidate, it will be difficult to stay above one hundred thousand. Since there isn’t enough leverage to clear, it’s possible that we might first increase some short liquidation chips above one hundred thousand to induce shorts for two days before pushing up! A violent surge from a whale like this can easily cause insufficient short liquidation positions above. During a violent rise, very few people will go short; only during consolidation is when the chips are most concentrated! During a consolidating rise, the price tends to increase more significantly, and during a violent surge, it can easily lead to inducing shorts, as there aren’t many liquidation positions above. Therefore, do not chase long positions in contracts! I am still holding my spot positions and have not sold.