[Trader Killa: Bitcoin's Short-Term Fluctuations May Be a 'Liquidation Game,' Next Focus at $75,500] Odaily Planet Daily News – Trader Killa stated that for Bitcoin to replicate its 2023 trend, it needs to form a higher low (HL) above $75,500 and ideally hold the low near $80,000. Recently, after reclaiming the short-term structure in the $82,000 region, Bitcoin retested and broke through again, showing a strong 'bull trap and bear trap' characteristic in the short-term market trend. Previously, when BTC fell from $84,100 to $81,000, the structure appeared relatively weak, but the entry of a large number of short positions at the lower levels drove the subsequent rebound. Killa noted that during the drop from $84,100 to $81,000, the scale of long liquidations was approximately $300 million, while during the earlier drop from $86,800 to $80,600, long liquidations exceeded $2 billion. This indicates that the market's leverage structure is improving, with the proportion of long positions decreasing compared to before. Currently, the market needs to form a higher low and initiate the next upward move; otherwise, this adjustment may further break below $80,000.