Last night, the upper edge of the Bitcoin rebound channel encountered resistance, and then it broke below the critical 95,000 level in the early morning. The short-term rebound showed a local fluctuation pattern, indicating that there is still a possibility of new lows in the future. The key now is to observe which moving average will obstruct the rebound, which will lead to a downward trend.

Personal advice: Tonight, look to short based on the 99,000 resistance level, targeting 95,000. If it breaks, then aim for 93,000-92,000!

Ethereum resistance at 3,800, with a short target of 3,600-3,500!

The liquidation data from the global cryptocurrency market yesterday was astonishing, with as many as 56,573 people liquidated and a liquidation amount reaching 1.704 billion USD. This data set a historical peak in cryptocurrency history, with the highest number of liquidations ever recorded.

I remind everyone that while a crazy bull market is full of profit opportunities, the experience of the past 9 years shows that in a truly crazy bull market, most investors often suffer heavy losses. The reason is that most people blindly attack when trading, lacking risk control and strategic planning.