Bitcoin has now broken through its previous high and has risen all the way to its highest point of 66460. However, any bull market cannot have no retracement at all, so let’s look at the points that both short-term BTC bulls and bears need to pay attention to from the liquidation map.
Judging from the liquidation map, the current forces of both long and short positions are balanced. The liquidation points of the upper short positions are around 66390 and 66700, with liquidation intensities of 102 million US dollars and 202 million US dollars respectively. The liquidation area above is concentrated all the way to around 67600, and the liquidation intensity of this line has reached 360 million, and 67600 happens to be near the downward trend line of the daily line.
Therefore, whether you are a bear or a bull, 67600 to 68000 should be a close watch point. If it breaks through, there should be a lot of people chasing the bulls. So if bearish friends see a false break at this point, you might as well consider shorting it in the short term.
For long positions, the current concentration points are 65070 and 64442, with liquidation strengths of $114 million and $274 million respectively. The concentration area below extends to 64089, with the long liquidation strength of this line reaching $331 million. If there is a short-term correction, 64400 is one of the good positions for long positions to consider.
However, I personally think that BTC will first touch 67700-68000 and then pull back. After all, breaking through the daily trend line of 68000 will still attract many people to chase more. But because of this, the bears will inevitably smash the market at this point to get liquidity, so whether you are long or short, you need to pay special attention to this point $BTC $BNB
