Judging from the liquidation chart as of the 1st, it should at least rally to above 63,000, liquidating 208 million short positions.



After that, the market could drop again to 61,500, liquidating 130 million long positions. That’s the script for tonight.

In short, our previous long positions at 62,000 can be described as having both offensive and defensive capabilities $BTC
BTC4.17%
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