The weak rebound of BTC over the weekend has emerged, with last week's pullback liquidating one third of the long positions liquidity, which has resulted in a relatively balanced state of long and short liquidity in the futures market currently.
The current spot premium has fully recovered to the positive range, so the short-term market is favorable for long positions.
Intraday pullback at the 113.5k-114k line for long positions, target 116k, 117k.
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The weak rebound of BTC over the weekend has emerged, with last week's pullback liquidating one third of the long positions liquidity, which has resulted in a relatively balanced state of long and short liquidity in the futures market currently.
The current spot premium has fully recovered to the positive range, so the short-term market is favorable for long positions.
Intraday pullback at the 113.5k-114k line for long positions, target 116k, 117k.