This weekend, the BTC market remains stable. Even until late Sunday night, there are no significant fluctuations in price, and the market data is overall in a dormant state.
Observing the distribution of liquidity, below the 120k price level, the accumulation of short liquidity is even greater; however, in the current price range, long liquidity appears to be gathering, with a relatively higher concentration, indicating a local aggregation of funds.
Looking ahead to the short-term trend, it is highly probable that there will be a wave of downward movement first, triggering some positions to be liquidated; if the price can quickly recover after this pullback and return to the key range, the market may subsequently initiate a liquidation-style rebound against the futures shorts, pushing the price towards a phase of upward movement. #Gate重磅上线GUSD#
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This weekend, the BTC market remains stable. Even until late Sunday night, there are no significant fluctuations in price, and the market data is overall in a dormant state.
Observing the distribution of liquidity, below the 120k price level, the accumulation of short liquidity is even greater; however, in the current price range, long liquidity appears to be gathering, with a relatively higher concentration, indicating a local aggregation of funds.
Looking ahead to the short-term trend, it is highly probable that there will be a wave of downward movement first, triggering some positions to be liquidated; if the price can quickly recover after this pullback and return to the key range, the market may subsequently initiate a liquidation-style rebound against the futures shorts, pushing the price towards a phase of upward movement. #Gate重磅上线GUSD#