After the large liquidations at the 98287 level are cleared, market pressure will ease. This price point serves as an important resistance level. As the liquidations are liquidated, short positions will be closed, which could pave the way for an upward movement. From a technical perspective, clearing this zone will give the market a breath of fresh air and create a more flexible environment.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
After the large liquidations at the 98287 level are cleared, market pressure will ease. This price point serves as an important resistance level. As the liquidations are liquidated, short positions will be closed, which could pave the way for an upward movement. From a technical perspective, clearing this zone will give the market a breath of fresh air and create a more flexible environment.