Currently, the market is in a high-level consolidation phase. The daily price deviation is extremely severe. The market has been continuously attempting to break new highs recently but has failed. Currently, it has attempted and failed to stabilize at 93000 for the second time, and it has also failed to stabilize at 91700 for the sixth time. For now, it has succeeded in the short term, but we will see if it can hold without falling back. This indicates that the market is continuously trying to break through, but there is strong resistance, with significant sell orders and pressure, indicating that there are forces in the market that are suppressing rapid breakthroughs and digesting the bubble.
Currently, the overall market sentiment is quite skewed. Under normal circumstances, the difference between short and long liquidations should not exceed 5%.
The first chart shows the leveraged liquidation map for Bitcoin on exchange B. Currently, the strength of longs is three times that of shorts.
The second chart shows the leveraged liquidation map for Bitcoin on exchanges B, OKX, and BYBIT. The ratio of longs to shorts is close to 5 times.
The game rule in the market is that your losses are someone else's gains.
If it keeps rising without looking back, longs will continue to profit, and shorts will be wiped out significantly around 95400.
However, this is still not enough to cover the profits made by longs.
This money cannot come from the exchange. What do you think will happen in the market?
So now is the time for a major trend to wait for a pullback to enter long positions, while small trends can be played around casually, but it is essential to use stop losses.
The current trend is to wait for shorts without shorting.
When a significant pullback occurs, that will be our entry opportunity.
This cannot be clearly timed right now because the market is constantly changing, and this data is also statistically derived. We can choose to gradually bottom-fish, for instance, as clearly indicated in the chart, many long liquidation prices are above 87500. We can start entering gradually from around 88500.
This situation is flexible.
At this time, just don't shoot all your bullets out.
