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Bitcoin is moving around $78,000, and the resistance is quite strong. Lately, looking at the Bitcoin liquidation map, there are many short positions accumulated, indicating a high risk of a short-term squeeze. The current price is around $81,170, which has slightly increased over the past 24 hours.
What's interesting is that when Bitcoin moves at this level, altcoins tend to follow quite well. Considering the Bitcoin liquidation map situation, if there is strong selling pressure from above, the price could drop quickly, but on the other hand, if it breaks through this resistance, short positions could be liquidated, potentially triggering a rally.
Personally, I think I need to keep monitoring the position distribution shown on the Bitcoin liquidation map and watch the movements. Since altcoin movements follow Bitcoin, changes here will be important.