Golden Finance reports that Bitcoin is working hard to retest the support level. Due to liquidity analysis indicating conditions are favorable for a significant short positions squeeze, market prices are expected to experience fluctuations. If the price falls again, $100,000 remains a possible target. Analyst Cas Abbe posted on the X platform that if the price of bitcoin rises by 10% from now on, $15.11 billion of short positions will be liquidated. At the same time, if the price of bitcoin falls by 10%, the long position of $9.58 billion will be liquidated, and the current negative funding rate indicates a "large number of short positions" over the weekend, which is expected to usher in a big swing next week, which could push the price of bitcoin above $109,000 to more than $110,000.

Gate.io News bot message, on-chain trader CryptoD shared his trading experience in an interview with Chain News. He invests about 15 hours a day focusing on on-chain data analysis and community dynamics observation. CryptoD pointed out that modern on-chain work has evolved from simply monitoring new CAs to multidimensional analysis, including filtering community chat content, following Twitter information, and establishing a personalized smart wallet database. By systematically classifying wallet addresses, he has improved the efficiency of assessing the authenticity and potential of narratives. In terms of trading strategies, CryptoD emphasizes looking for narratives with "out-of-the-box" potential and emotional resonance, especially projects that can attract web2 users to participate. For profit-taking strategies, he recommends beginners to adopt a doubling down approach. Source: on-chain news