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NEW
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As expected in the quote, currently $BTC continues to fluctuate in the range of 107k~108k, however, due to the onset of pullbacks at a lower level, lower highs and lows are appearing, so in the short term it is necessary to follow the liquidity of long positions below the price.
You can see two new liquidity regions marked by the red框 on the diagram. In fact, the new short leverage is still above the average leverage of new long positions.
On the other hand, the spot premium continues to decrease slightly, indicating that:#BTC #SMILE