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Data Analysis:
From the liquidation map, it can be seen that the current concentration of long liquidations is mainly distributed in the range of 82800-84200, while the concentration of short liquidations is mainly distributed in the range of 85400-86800. Based on the current price of Bitcoin around 85200 USD, if it drops to 82800 USD, the estimated cumulative liquidation amount for longs is about 1.5 billion USD; conversely, if it rises to 86800 USD, the estimated cumulative liquidation amount for shorts is about 1.3 billion USD.
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The price will return to normal after Labor Day, and the wealth code won't wait for anyone~
Market View:
Currently, the market is still in a tug-of-war between bulls and bears in the short term, and the overall daily level is in a state of consolidation. The main focus going forward is when the market will change its trend. In the short term, I believe that if the market does not change for a long time, we will mainly adopt short-term and swing trading strategies. If the market effectively breaks above 86000, it will move towards 87000, and there is even a chance to reach 88000. As for the market trend, I believe there will still be another wave of upward movement.