Bitcoin bullish move after short liquidations

The observation of short liquidations indicates a squeeze in bearish positions, which can trigger the next leg higher if buying pressure remains. The price action around a concrete level (57.1k) paired with a high print (108.5k) implies volatile dynamics but a potential shift in sentiment toward the upside. Key factors to monitor include: 1) intraday momentum and volume confirming breakouts, 2) macro risk backdrop and risk appetite, 3) on-chain metrics like funding rates and network activity for sustained demand. If the market fails to hold above recent highs, a pullback to support zones could occur, testing whether the move is a false breakout or the start of a new uptrend.