In the crypto market, there have already been $1.51 billion in liquidations over the past 24 hours. Of these, $1.38 billion are longs.

In the crypto market, there have already been $1.51 billion in liquidations over the past 24 hours. Of these, $1.38 billion are longs. $720 million just in the last hour.

A rock-solid (in our assessment) signal for a global altseason, obtained on the weekly time frame of BBTC dominance, is being celebrated today with a full 'bloody bath'.

The 'sponsor' of this market correction is the long squeeze on the #BTC chart. It was written in the night review that a breakout in one of the directions from the range of $99,481-$101,903 would trigger an impulse. But we certainly didn't expect this. The price momentarily hit a significant level of $94,199.

It may seem that this correction is not as bloody as on December 5. But that's not true. It is almost twice as bloody. Liquidations of longs on December 5 - $734 million. Liquidations today - $1.38 billion. And it is still not a fact that this is the final figure.

All high leverage positions have been wiped out, weak hands have been shaken out once again. But we are confident that those who did not dump their positions did so for a reason. And to those who bought the dip - our congratulations.

However, it cannot yet be said with one hundred percent certainty that this is the end of the decline. We need to see the closure of the current four-hour candle. We need to see a bullish wick from below and a hold above the descending trend line from November 22 (marked with a dotted line).

According to our indicator, there is now a Strong signal for a potential low on the hourly time frame, the same as on December 5.

On December 5, the price did not transition into a sustained downtrend on the four-hour time frame. The candle went much lower than the control point, but then recovered above by the close. Let's see if the situation repeats this time. There are less than two hours until the close of the four-hour candle.

#P73Signals has given a lot of potential low signals on the hourly and two-hour time frame, also including Strong signals. Additional arguments are needed for confirmation of the reversal. The simplest is a breakout of local trend resistances after the recent dump.