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During the weekend's low-volume consolidation, BTC has formed a new long positions liquidation zone around 109000, indicating that the sentiment in the futures market has finally improved a bit.
The current liquidity distribution is still relatively favorable for long positions. A downward liquidation can only occur through a violent and rapid decline, while an upward movement may hope for a sustained rebound.
The liquidation line for long positions is at 107000, while there is no clear liquidation line for short positions.
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