The BTC situation is now equivalent to the long and short situation being completely shocked... Both sides have entered a state of buying and leaving. 98000~99500 has formed a large amount of short liquidity, and 92800~92000 has also formed a large amount of long liquidity... This is the inevitable result of long-term fluctuations and no breakthrough in the market, and liquidity continues to accumulate!
From the perspective of logical deduction, the final direction of this oscillating range will be determined by the liquidity that is later liquidated. That is to say, if the price chooses to clear the liquidity above first, it may eventually go down; on the contrary, if the price chooses to clear the downward first in the current range, there may be a new high in the end...
#BTC☀️ #BTC Trading