#市场调整策略 Last night’s sell-off was indeed deep, fierce, and ruthless; there is no doubt that those who went long were stopped out. According to statistical data, over 195,500 people have been liquidated in the past 24 hours, with long positions losing $550 million, while short positions lost only $59.25 million. This is a targeted massacre against long positions!

In the face of such a sell-off purge, all candlestick charts and analyses seem powerless; all we can say is, our condolences to the bulls. If it were spot trading, there would indeed be no panic, as every sell-off allows you to buy in at a lower cost; however, when it comes to contracts, one must manage their positions well. You can cut losses, but you must not be completely liquidated. From the liquidation charts, the bulls have really been cleaned out quite a bit. It’s often said that in a bull market, there are always spikes, and before a sharp rise, there’s a tendency to deceive and whip the market, but if retail investors are all cleaned out, who else will play along?

Bitcoin's long position defends at 96,000, which is the last defense and stubbornness, while Ethereum longs have already stopped out. At this moment, there aren't many opinions on the market; during the day, it is likely to consolidate and fluctuate, and after the U.S. stock market opens in the evening, there will be more action.