Over the past day, the Bitcoin market has experienced a short-term pullback, and we took this opportunity to recoup some downside liquidity. However, if we extend the time frame a bit, we can see a lot of upside liquidity, mainly concentrated between $70,700 and $71,000.

Since this short-term pullback, a lot of new short positions have been opened in the market, and the liquidation price of these positions is around $71,000. This means that the price is likely to return to this level soon. Once the price breaks through $71,000, hundreds of millions of dollars in short positions will be liquidated, which may lead to a short squeeze in the market and further push the price up.

Therefore, there is currently a lot of upside potential in the market, especially around $71,000. Once this key point is broken, it is expected to trigger a large-scale short liquidation, thereby accelerating the upward trend of the price. Investors should pay close attention to this level to seize potential market opportunities. #Bitcoin🚀 #BTC走势分析