1. Long and Short Battle Analysis Bitcoin's price surged to the range of $110,000 to $110,400 yesterday, leading to a large number of short positions being forcibly liquidated. According to Glassnode, the amount of short liquidations between $105,000 and $107,000 increased by approximately 240%.
There are currently two possible market trends: if the price breaks above $111,000, it may trigger approximately $924 million in short liquidations; if it falls below $108,000, about $1.14 billion in long positions face liquidation risks.
The funding direction indicates that major funds may adopt a strategy of first driving up the price to induce short positions and then suppressing the price.
2. Order Structure and Important Price Ranges Current market order distribution shows that there is a large sell order pressure concentrated above $111,000, forming a technical resistance; while $100,000 constitutes an important bottom support at the current stage.
From a technical perspective, the range of $107,000 to $110,000 is key to determining the short-term trend: a breakout will encourage short covering; if it is pressured, it suggests that the main forces may continue to apply downward pressure.
3. Market Sentiment and On-Chain Data Analysis Long-term holders have accumulated approximately 309,000 Bitcoins over the past 30 days, reaching a historic high level, indicating that long-term funds are still buying at low levels.
Meanwhile, short-term holders reduced their holdings by 833,000 Bitcoins, reflecting a cautious sentiment among short-term investors.
The Bitcoin funding rate turning negative indicates that bears are currently in control, but it also suggests that there is potential momentum for a short-term rebound in the market.
In terms of technical patterns, Bitcoin has formed a bullish flag breakout pattern, with the 50-day moving average crossing above the 200-day moving average, indicating a mid-term bullish trend. However, the daily chart still needs to recover the resistance level of $106,600-$106,800 as a confirmation signal.
The support levels to pay attention to are: $107,000, $105,000, and $100,000, which correspond to short-term liquidity concentration areas and potential liquidation points. The resistance above is at $111,000-$112,000, and a breakout may lead to a new round of long and short contest.
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Bitcoin recent price dynamic analysis
1. Long and Short Battle Analysis
Bitcoin's price surged to the range of $110,000 to $110,400 yesterday, leading to a large number of short positions being forcibly liquidated. According to Glassnode, the amount of short liquidations between $105,000 and $107,000 increased by approximately 240%.
There are currently two possible market trends: if the price breaks above $111,000, it may trigger approximately $924 million in short liquidations; if it falls below $108,000, about $1.14 billion in long positions face liquidation risks.
The funding direction indicates that major funds may adopt a strategy of first driving up the price to induce short positions and then suppressing the price.
2. Order Structure and Important Price Ranges
Current market order distribution shows that there is a large sell order pressure concentrated above $111,000, forming a technical resistance; while $100,000 constitutes an important bottom support at the current stage.
From a technical perspective, the range of $107,000 to $110,000 is key to determining the short-term trend: a breakout will encourage short covering; if it is pressured, it suggests that the main forces may continue to apply downward pressure.
3. Market Sentiment and On-Chain Data Analysis
Long-term holders have accumulated approximately 309,000 Bitcoins over the past 30 days, reaching a historic high level, indicating that long-term funds are still buying at low levels.
Meanwhile, short-term holders reduced their holdings by 833,000 Bitcoins, reflecting a cautious sentiment among short-term investors.
The Bitcoin funding rate turning negative indicates that bears are currently in control, but it also suggests that there is potential momentum for a short-term rebound in the market.
In terms of technical patterns, Bitcoin has formed a bullish flag breakout pattern, with the 50-day moving average crossing above the 200-day moving average, indicating a mid-term bullish trend. However, the daily chart still needs to recover the resistance level of $106,600-$106,800 as a confirmation signal.
The support levels to pay attention to are: $107,000, $105,000, and $100,000, which correspond to short-term liquidity concentration areas and potential liquidation points. The resistance above is at $111,000-$112,000, and a breakout may lead to a new round of long and short contest.