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#BTC行情分析 Bitcoin conference has been continuously favourable, but the market is not buying it. The market maker has been thinking about James's large position long order, which was just 100 dollars away from getting liquidated last night. After a short-term rebound, this morning they tried again to get James liquidated, but it was unsuccessful. He passively closed his position, and his current position has decreased to 178 million dollars, with a liquidation price of 104,600 dollars.
As mentioned yesterday, whenever James makes a large order, the market maker will go against him, and the short-term pullback risk has also been communicated to everyone. Now that James's position hasn't been fully liquidated, it may still test downward.
BTC is fluctuating at a high level, while ETH is surging, definitely something to play with. The 4-hour level has entered a trend adjustment, with the range of 104000-102000 being a support zone. Now there are a bunch of institutions queuing up to buy BTC, so the strategy for the bull market in the second half of the year remains unchanged, and everyone must hold on.