At present, there are still about 300 million US dollars of short positions above 60.7k. However, before discussing the bears, let's take a look at what happened during the day today. During the day, this rebound has already thoroughly cleared out approximately $437 million in excess orders. In the past 24 hours, the scale of liquidation on the entire network is still relatively large, with multiple liquidation of about 437 million US dollars and short liquidation of about 217 million US dollars. Today, more people are on the road to optimism. At the same time, the long short account ratio increased from 1.73 to 1.90. The market sentiment still leans towards bulls, but it has not reached the point where it needs to cool down immediately. The funding rate has currently fallen to around 0.006%. For traders preparing to lay out short positions, there is currently no significant pressure on holding costs. Let's take a look at the price again. The market rebounded from 58.3k to 60.7k, with a relatively smooth 15 minute trend, but the trading volume did not significantly increase synchronously. This means that the current upward momentum still needs further observation. It is worth noting that approximately $300 million in short positions are mainly concentrated in the 61.5k-62.8k range. Among them, 61.5k is not only an important pressure level, but also a position where a large number of bears may choose to stop losses. Therefore, tonight's night market suggests focusing on three things: Firstly, can 61.5k stand up. If the breakthrough is successful, some bears may be forced to close their positions, and the market has the opportunity to continue upward; If the breakthrough is delayed, this area may still become a short-term suppression zone. Secondly, can 60.0k be held. If it falls below this level, the liquidity around 58.3k below may once again attract market attention, and the volatility may also increase accordingly. Thirdly, the selection of funds after the opening of the US stock market. Whether large funds continue to increase short positions above or choose to actively close positions often affects the direction of night market operations. One final reminder. The core issue of tomorrow's market is actually only one: 61.5k， Will it become a new starting point or continue to play the ceiling? Welcome to leave your judgment in the comment section. Tonight's night market, do you see a breakthrough or a pullback?