At what point can the market rise after a retracement? From the liquidation map, see the points that long and short positions need to pay attention to

As we expected, Bitcoin retreated near the trend line, falling from the highest point of 66450 to around 60280, a drop of about 9%. It also filled the upward gap formed by BTC at 60700 on September 19. The current price is around 61000.

So will BTC continue to fall and fill the futures gap of around 54,400 on September 9, or will it start a bull market directly at the current point? Let's look at the points that longs and shorts need to pay attention to from the liquidation map:

From the liquidation map, we can see that the liquidation strength of the upper short orders is about that of the long orders. The concentrated points of short order liquidation are 62040, 62800, and 63550, respectively, with liquidation strengths of 105 million, 426 million, and 761 million US dollars. The concentrated strong calculation range of the upper short orders is relatively concentrated until around 64,000, and this range has a total liquidation strength of 900 million US dollars.

What the short sellers need to pay attention to is the 62500-62800 line, because this point is the support point for the long-short conversion of this decline. If it can rebound and stand above 62800, it means that this downward trend will not be broken. On the contrary, if the rebound fails, there may be a larger retracement$BNB

The long liquidation points are relatively concentrated, mainly around 60,000, and the liquidation intensity at this position is 396 million US dollars. The long liquidation range is mainly concentrated around 59,400, and the long liquidation intensity of this line has reached 546 million US dollars.

Moreover, this wave of retracement did not touch the integer of 60,000. I personally think that there is a high probability that BTC$BTC will still touch this point. So if you are a super short-term friend, if it falls below 60,000 and rebounds, you can consider opening a position. The upper side is 62,500-62,800. If you are a conservative, the lower side of 57,500 to 57,800, which is 0.618 and the support level, is also a position to consider opening a position.

However, bullish friends must also pay attention to the rising gap on September 9. This futures is also the only unfilled gap of BTC this year, and the price is about 54120-54400.