Bitcoin fell back after reaching its previous high of 65,100 last night, failing to break through the previous high. Many friends are curious whether BTC will break through the previous high in one go and start a new bull market, or continue to retreat and accumulate strength. Let's look at the points that need to be paid attention to by both long and short positions from the liquidation map:
From the liquidation map, short-term bulls are slightly stronger than bears. The bears are mainly concentrated near two points, namely 64170 and 64600. The liquidation strength of these two points is 1.54 US dollars and 318 million US dollars respectively.
The short-term short liquidation above has been concentrated around 65100. The liquidation strength of this line is 411 million US dollars, and 65100 is the previous high of the daily line.
Therefore, both long and short sides need to pay attention. If a false break occurs at this point, short sellers can consider opening a position.
From the map, there is only one point where bulls are concentrated, which is near 62500, which is also near the bottom of this shock. The cumulative liquidation intensity of this line has reached 250 million US dollars. The liquidation of bulls below the short-term has been concentrated near 61600. This is also a trend line support area, which is also a place where bulls need to pay attention.
If the short-term can retreat to around 61500 to form a false break, it is also a good point for bulls to consider opening a position. It would be best if it can fill the small gap around 60800 on the 19th and rise again. $BTC $ETH
