In the past 24 hours, the total liquidation amount of cryptocurrencies reached $495 million, with long positions liquidated at $364 million and short positions liquidated at $131 million. More than 193,000 people were liquidated. Brothers who trade contracts should have avoided getting caught.
Last night, Bitcoin's drop was nearly 3,000 points up and down. The position of 96,000 mentioned yesterday seems to have been hit. If Bitcoin does not immediately change its high-level sideways price behavior, we can trade back and forth with low leverage for a couple of thousand points, which is quite appealing. Speaking of contracts, a mention of altcoins: yesterday, altcoins fluctuated up and down by about twenty points. If you're trading altcoins, try not to use high leverage, otherwise, the daily fluctuations can wipe you out.
Currently, looking at Bitcoin's chart, there hasn't been much change compared to yesterday; it's still in high-level consolidation. Now it's pulling back on a smaller scale, and 96,000 is still a point to consider for trading. Ethereum broke through 3440 today and surged to 3527, showing strong momentum. The daily price of Ethereum is gaining momentum, with the MACD turning upwards; 3500 is not the endpoint, and it still has room to rise. It's a pity I didn't catch Ethereum; the breakout pullback didn't hit the 3440 level I set. I'm still waiting at the support level for it to let me in.
If you have any coins you want to discuss, feel free to leave a comment. Currently, I'm not focusing on altcoins as I haven't placed any trades. Thanks for the support, brothers. If you like it, you can follow for more updates.