Currently, the most concentrated area of long positions is between $61,000 and $64,400. At the same time, short positions are mainly concentrated above $76,500. Overall, the market is still biased towards longs. This is key. It indicates that there is a large liquidity cluster below the current price, and there is one above it as well. Price tends to move towards liquidity.
Personally, I hope to sweep the $65,000 area first, because I still have short positions, haha!
Alphractal:
Currently, the most concentrated area of long positions is between $61,000 and $64,400.
At the same time, short positions are mainly concentrated above $76,500.
Overall, the market is still biased towards longs.
This is key.
It indicates that there is a large liquidity cluster below the current price, and there is one above it as well.
Price tends to move towards liquidity.
Personally, I hope to sweep the $65,000 area first, because I still have short positions, haha!