Looking at the top 12 positions on Hyperliquid, the long-short ratio is 8:4, with longs twice as many as shorts. The liquidation pain point is around 66,000, and the liquidation pain point is around 1950. Then, in the external financial markets, US stock futures indices are declining, and Japanese and Korean stock markets are plunging. In the short term, BTC should still fluctuate between 60,000 and 70,000. It’s best to dip down to around 66,000 and then rebound back above 70,000. A reminder: the 70,000 resistance level has been tested twice by BTC without breaking through. If it tests again for the third time, it’s better not to short; it’s highly likely to break through. The principle of “one push and then exhaustion” applies equally to support and resistance levels.