Summary of the market situation:

1. Last night’s drop was a traditional 15% drop for BTC and a 20-25% drop for altcoins. Recently, BTC has often been overshadowed by strong buying pressure during declines. Moreover, from a practical standpoint, last night also served to liquidate leverage, with altcoin liquidity and sentiment indicators returning to normal levels.

2. I saw a news article stating that the number of liquidations a couple of days ago was higher than that of March 12. Isn’t that obvious? The market size has increased. In terms of danger, it is not as severe as March 12. March 12 was an extreme case of liquidity exhaustion, and we may never see that again.

3. Even if BTC reaches a new high here, I wouldn’t be surprised, so don’t be in a short position. However, in terms of risk-reward ratio, if it goes up further this month, please ensure to reduce your positions. Also, please reduce your positions over time this month.

4. Wide fluctuations are very likely, with 85500-87000, 90500, and 92600 being important support levels below.

5. Maintaining above 97500 for a longer time is more favorable for the bulls. #加密市场回调 #币安ME开盘 #BTC投资案未获微软股东同意 #重大空投观察 #XRP逆势反弹