Today is a day of lessons. The market has made a deep V temptation. On Tuesday, we entered a short position from 94800, hitting a low of 90866, and the short position made a profit. Yesterday, Wednesday, we continued to short based on this resistance, but we ended up getting taught a lesson; stop loss on the short position! The previous analysis also mentioned that we were bullish at midnight. The lower level of 90866 was tested twice, and the bottom was pulled up during the weekend. This wave of over 8000 points of major correction has ended, and we should continue to look for new highs with low longs!

According to the liquidation data from Coinglass, both bulls and bears were washed out on Wednesday, with a total of 100,000 liquidations in the past 24 hours. The bulls lost 140 million dollars, while the bears lost 150 million dollars. Looking at the liquidation chart for the next 7 days, even if the price drops to around 83000, only 1.216 billion dollars worth of long positions would be liquidated. However, if the market rises to around 10600, there would be 2.785 billion dollars worth of short positions cleared!

I am preparing to go offline for a rest. This market has never guaranteed eternal profits; losses are very normal. However, one must not get overly excited or impulsive. Timely adjustments and reflection are necessary! The midnight strategy is to depend on 95000 for a bullish outlook with low longs, targeting 97500 to 98500 to 99500, reducing positions in batches! Just now, the lowest retracement was 95356, still a bit off. Light positions, treat the low long outlook with care! #美国续请失业金人数创三年新高 $BTC