Continue to pull back? Let's take a look at the current liquidation map. BIC needs to pay attention to the main concentrated liquidation points for longs and shorts.

Bitcoin has started to rise after clearing the long concentration point around 65500 as predicted in the previous issue. After reaching a peak of 68000, it is currently fluctuating, with the price around 67500. So where are the concentrated liquidation points for longs and shorts now? Will BTC continue to rise sharply? Let's analyze from the liquidation map:

Firstly, we can see from the map that the short positions are clearly weaker than the long positions, indicating that the sentiment for going long is still quite strong during this downturn. The liquidation volume for shorts over the past 24 hours is only £84 million, which is less than three-quarters of the liquidation volume for longs.

Currently, the concentrated liquidation points for shorts above are at 68220 and 68660, with liquidation intensities of £120 million and £250 million, respectively. The concentrated liquidation zone extends up to around 69200, with this range accumulating a liquidation intensity of £347 million.

Therefore, the key points that shorts need to pay special attention to are actually in the range of 68220-68600, which is also near the previous consolidation zone. If this range can be broken and maintained, the downward trend could be reversed; otherwise, a significant pullback may be imminent.

The liquidation concentration points for long positions are relatively numerous on the map, specifically at 66800, 66180, and 65180, with liquidation intensities of £88 million, £306 million, and £500 million, respectively. The liquidation zone for long positions is concentrated up to around 64500, which has accumulated a liquidation intensity of £650 million.

Currently, I personally do not recommend chasing the highs because, from the map, not only are the long positions heavily weighted, but more importantly, the market sentiment for going long is quite high, and such a market is the easiest for the market makers to harvest.

So my advice is that if you want to go long, it's best to wait for the market to pull back again. Clearing to around 64500 is a potential entry point for longs. If you chase the market, you should only consider it after a stable break above the 6200-68600 range. Currently, regardless of whether you chase longs or shorts, the risk is still relatively high.