At the 4-hour level, BTC is currently converging around 61,000.

Even if there is a La Fibonacci retracement, the 0.618 position is still at 61072, which is quite consistent.

From a small level perspective, the 15-minute level support is at 60,000

If it falls below, I will see support on the 58,000 range.

Assuming a rebound, I see 0.382, which is around 63172

Next let’s take a look at Liquidation Map

Look at it at a one-week level

It is obvious that the bulls are almost dead this time.

If you really have to kill it very cleanly, the number of kills will be around 57,800 according to the picture.

Or maybe the dealer plans to clear it out at 59215, that’s it.

On the other hand, the maximum short position is currently at 63250

It is almost the same as the 0.382 position we mentioned

A better approach at present is to

Let’s first see if it will fall below 60k. If it falls to 58,000, it will form a huge head and shoulders bottom (it is not recommended to enter the market)

If it doesn’t fall below, wait until it rebounds to 63k and go short.

After being suppressed, I think I will test the support at 61000.

If you hold on, this is the ideal entry position.

Some people may ask, why don’t you enter the market when 58K is so low?

Because a head-and-shoulders bottom is formed at 58K, which means it may go even lower.

I am no longer bullish in the short term either.

You should wait until the reversal trend comes out and rebound to 63172 to clear the airdrop and then be blocked and pull back.

Get airdrop liquidity to test support at 61K

After confirming that there is no problem, this position is the best entry position #加密市场急跌 #BTC☀