Oh no!! The big one is coming!!!
The bulls hurry to run, if they don't hurry, it will be too late
An important evening star pattern has appeared on the Bitcoin candlestick chart, and market sentiment is suddenly tense! Does this signal that a major crash is about to come?
Will the $80,000 gap be filled?
Technical analysis shows that there is a significant gap below $80,000 for Bitcoin, and if the trend continues to move downward, it may trigger a huge chain reaction. Analysis data shows that once it drops to $80,000, the market will liquidate over $10 billion in long positions, and the violent fluctuations are chilling!
Greed and fear, who will dominate the market?
The current fear and greed index is in the extreme greed range, which means that most market participants are chasing long positions at high levels. But the market is never one-sided; greed is often a dangerous signal. Meanwhile, the long-short ratio data indicates that short-selling strength is gradually increasing, but will this become the dominant force in the market?
Possible scenarios: a trap for shorts or a reversal?
One possibility is: the market first creates panic through a short trap, further probing downward to liquidate shorts, then quickly completes a V-shaped reversal, attacking the critical position of $99,000, liquidating as much as $7.2 billion in short positions. In this way, the market will release strong upward momentum again.
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