Long positions have been liquidated for $1 billion in the past four days! From the liquidation map, we can see which points the long and short positions of Bitcoin need to pay attention to

As expected, Bitcoin broke through the 60,000 integer mark, and the 24-hour long position liquidation volume reached 230 million US dollars. Although the low point continued to decrease, it has been closed above 60,000, indicating that the integer mark is still an important defensive position for bulls. Then let's look at the points that the long and short positions need to pay attention to tonight from the liquidation map:

First of all, from the liquidation map, the points where short positions are concentrated are relatively scattered, indicating that many retail investors also opened a lot of short positions during this wave of decline. The main concentrated points are 60760, 61360 and 61750. The concentration range of short positions above has reached around 62680. The short position liquidation intensity of this line has reached 515 million US dollars.

The area around 62700 is also a support-resistance conversion zone, so friends who are short at this point must pay attention. If it stands above this point, this downward trend is likely to be broken.

For long positions, the liquidation points are relatively concentrated, namely 59500 and 58950, with liquidation strengths of 121 million and 297 million US dollars respectively. The liquidation range of long positions is relatively concentrated until 58760, and the liquidation strength of long orders in this range reaches 336 million US dollars. 58760 is also a support-resistance conversion zone below.

I personally tend to be bullish, because since the 30th of last month, the market's long positions have reached 1 billion US dollars, but the total short positions are only 300 million US dollars. According to market inertia, after a large number of long positions are liquidated, they will either go up after consolidation or quickly pull out a wave of short positions. Of course, any data analysis must be based on K-line, so the current question is whether it can stand above 62700. If it continues to decline, 587600 and 57600 can be used as long positions to pay attention to. $BTC $ETH $BNB