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The crypto world experienced a surprisingly strong pump, with BTC breaking through the liquidity gap of 108000-109000. The expected chain liquidation did not occur, and there was no pullback; although there was a small pullback, it quickly formed a long wick candle and continued to rise.
The main reason is that there are too many short positions below, and the small upward movements give a large number of short sellers time to react and add to their positions. The shorts below are waiting to be liquidated, and the short sellers are patiently waiting for the right moment.
Operation suggestion: Short around 112000-112500, target 110000-108000. (Long term 102000)
#BTC #5月CPI 数据将公布 #科技巨头布局稳定币 #现货比特币ETF持仓破110万枚