Data Analysis:

According to the current liquidation map, the market is currently dominated by shorts. Based on the current Bitcoin price around $108,800, if the market rises again to around $110,800, it is expected that the total amount of liquidated shorts could be approximately $1.8 billion. Conversely, if the market drops to around $106,800, the total amount of liquidated longs is estimated to be around $1.48 billion.
Market View:
Market Direction: Short-term consolidation. From the overall trend of the market, the 4H and daily charts are in a high-level consolidation pattern, but the market is still in an upward trend structure. The next focus is when the market will truly change direction again. Most altcoins, including Ethereum, are also experiencing a consolidation phase.
In my opinion, as the end of the month approaches, and with the current market increasing short positions, if the market continues to oscillate at a high level without changing for a long time, it is likely to see a significant pullback. Once the market really experiences a substantial pullback, altcoins will decline even more, so it is important to pay attention to the risks.
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