After going through a round of market consolidation, the market sentiment appears rather pessimistic. The market makers took advantage of this opportunity, in line with Tesla's news, to carry out an extremely intense liquidation operation. The fluctuations in this round of the market, with changes of tens of thousands of points, have had a far greater impact than we anticipated.
Within 24 hours, a surprising 170,000 people across the network were liquidated, with a total liquidation amount reaching as high as 537 million USD. First, the price rose from 92,000 to 102,000, and then there was a sudden drop, plunging back down to around 96,100.
However, based on the current situation, regardless of how the market continues to adjust, we will not chase short positions at this moment.
Morning operation suggestion:
If Bitcoin retraces to around 96,300, consider going long, targeting price levels of 98,500 - 99,000. #BTC #ETH #BTC重返10万 #微策略持续增持BTC #本轮牛市周期预期