BTC Market Review:
Last night Anxin mentioned that 85888 serves as a base, looking up to 90400. In reality, it rose from 85785 to 89920.
Just a few minutes after posting, at 21:30, the 15-minute line closed at 85785, and it again tested this position after 24:00.
During the two tests of this fluctuating range, there was a continuous influx of bulls; the large number of bulls entering led to the liquidation intensity at 85764 constantly increasing, from 78 million at 24:00 to 99.81 million at 03:00.
At this point, it gradually reached a high point of 89920,
and the liquidation at the position of 90214 increased from 90.7 million to 122 million.
With just 300 points away from reaching a strong liquidation position, one can't help but question. Is this another trap to induce short selling?
This behavior formed a double top at the second high point, contributing to a bearish sentiment.
Here, if you want to operate during the day, you can short on rallies.
Be mindful of risk control with a 1% stop loss; don't lose perspective!
