The pump of $BTC during the day on Monday appears to be a clear liquidity grab, with the price starting to see a significant pullback after liquidating a large amount of short positions around the 120,000 area.
Currently, the spot premium has started to decline severely into negative territory. The small-scale trend structure has not yet been broken, but the large-scale structure remains a standard wide range oscillation zone.
Therefore, in the short term, before the spot premium significantly returns to normal, I will no longer be bullish...
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