#快讯 This is a precise short squeeze. If a cross-shaped candlestick pullback comes in to verify that the 65,000 support is effective, then it will trigger a precise short-side liquidation move.

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On April 5, according to Coinglass data, if Bitcoin falls below $65,000, the cumulative liquidation strength of long positions on major CEXs will reach 600 million.

On the contrary, if Bitcoin breaks above $69,000, the cumulative liquidation strength of short positions on major CEXs will reach 570 million.

Note: The liquidation chart does not show the exact number of contracts pending liquidation, or the precise value of the contracts being liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to nearby liquidation clusters—i.e., the intensity.

Therefore, the liquidation chart shows how much the target price reaching a certain level will be affected. A higher “liquidation bar” indicates that once the price reaches that level, it will trigger a much stronger reaction due to liquidity waves.