The current market has entered a difficult mode again. Last night, it was mentioned that there was a lot of short liquidity below 103,000 waiting to be liquidated, and as a result, a needle was just inserted to liquidate all...
At present, it seems that there are slightly more shorts. If short liquidity continues to accumulate above 102,600, another injection is needed on Friday night!
Generally, as soon as I see price action starting to show the phenomenon of "liquidating longs and then shorts, liquidating shorts and then longs";
I can be fairly certain that the market has entered a range-bound washout mode. The ultimate goal is quite simple: to nurture either shorts or longs, and whichever side gets fat will be slaughtered. Once the pricing power of the spot market decreases, this kind of boring market will appear;
Therefore, it is advisable to keep an eye on the liquidation map, as it often allows for quite a few quick short-term trades; $BTC