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Data Analysis:
From the liquidation map, it can be seen that the overall market is bullish with a focus on long positions, while short positions are mainly concentrated in the range of 87700-89200, with an estimated total liquidatable short amount of approximately 1.07 billion dollars. Conversely, the first concentration area for long positions is mainly in the range of 85000-86600, with an estimated total liquidatable long amount of approximately 1.55 billion dollars.
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Market Opinion:
With the morning market breaking through the daily level range oscillation, it has also led to the rise of some altcoins. The greed index shows that it is about to shift from panic to neutral, indicating that the market is slowly becoming active. From the current market trend, the overall market has entered a narrow range oscillation state, waiting for the upcoming trend change.
I personally believe that the short-term market trend can continue to rise further. This week, the upper target for Bitcoin is around $90,000, and $90,000 is a psychological level for the market. If it can effectively break through and stabilize above this level, the market will become more active, making it easier to enter a new round of upward momentum.