Will it continue to fall? From the liquidation map, we can see where the current liquidation points of BTC are concentrated.

Bitcoin currently meets the points shown in the liquidation map in my previous article. After clearing the short concentrated point of 69400, it retreated, and then stopped falling at the long concentrated liquidation point of around 66700. The recent situation that Bitcoin cleared the shorts and then cleared the longs further verified that the concentrated points of the liquidation map still have a certain reference value. So, where are the concentrated liquidation points that both long and short parties need to pay attention to next? Let's analyze it from the map:

From the liquidation map, we can see that although BTC has experienced a 4.5% retracement, the strength of both long and short positions is still similar. The main liquidation points of short positions are far away from the current price. The main liquidation points are 68120 and 68770, with liquidation strengths of 174 million and 355 million US dollars respectively. At present, the concentrated liquidation range of short positions is around 69,000, and this range has accumulated 423 million US dollars.

Therefore, from the map, the 68120 point needs to be paid special attention by short sellers, because this point is not only a concentrated liquidation point but also a support and resistance exchange zone. If it is broken and stabilized, this retracement may end.

From the perspective of long positions, the concentrated liquidation points and ranges are relatively close to the current price, which also means that if the market maker wants to take liquidity to smash the market, the cost is lower than the cost of taking short positions. At present, the liquidation points for long positions are around 66500 and 66100, with liquidation strengths of 105 million and 235 million US dollars respectively. The liquidation range for short positions is around 65550, with a cumulative liquidation strength of 358 million.

This point is only 1,000 points away from the current price, so judging from the liquidation map alone, the price of 65,500 is likely to be reached in the short term, and this point is also a reference entry point for bulls.