Bitcoin Trend Forecast

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First, look at the data
Institutional funds hold Bitcoin contracts with a long-short ratio of
1:3.7
Still favoring the bears!
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Analysis: Yesterday's significant rise in Bitcoin
caused a clear divergence among institutional funds.
Both bulls and bears, analysis shows a noticeable closing of positions.
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Short positions closed at 34 million, long positions closed at 1.2 million.
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Next,
78,000 is the concentrated liquidation zone for shorts,
If it breaks below 70,000, it will likely quickly drop to 65,000 for concentrated liquidation.
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Summary:
Divergence has officially begun.
Institutional funds continue to dominate with a bearish trend.
Strategy: Continue shorting around 74,000!
Be careful not to over-leverage.
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This is not a reversal yet, at least the certainty is not high!
#比特币反弹