Last night, it was expected that $BTC could continue to pull back downwards and liquidate a wave of 115k long liquidity, and the orders were all hung, and the result was a situation of "it should not be cleared"... Although just one test does not say anything, if the price still cannot enter the lower long liquidation area to liquidate today and tomorrow, then it means that spot demand has finally begun to consider entering the market. Generally, only if the spot is willing to buy, the price behavior of the market will occur in this situation where it can be liquidated but not liquidated. A glance at the spot premium index shows that there is indeed a slight rebound, which means that bears are willing to open positions, and spot bulls are also willing to buy the bottom. Therefore, although the current thinking has not changed, it is still waiting for the liquidation of the bulls below before going long, but we also need to consider the possibility of a rebound without liquidation. Implemented in the trading plan, that is, observe the price to test 116k, if the price has a small level of correction again, but cannot fall below 116k, then you can consider the left side to go long in the short term, similarly, if the price rebounds above 120k and goes out of a higher high, then the right side can also go long. If you are lucky and the price falls below 116k smoothly, then wait for the liquidity below to be cleared before going long. As for shorting, there is currently only one plan on the right, which requires the price to confirm that it fell below 115k (there is a 4h negative line with an opening and closing price below 115k), which means that the bullish trend has directly turned into a volatile and bearish market, and short-term shorting to 112k is not a big problem~