Market conditions change rapidly, trading must adapt to the current situation, and actions should be taken based on the position. Has Bitcoin's recent drop come to an end?

There is indeed a chance for a rebound. Bitcoin's current major pain point is around 93,000; the price has been fluctuating between 92,000 and 95,000 over the past couple of days.

The outflow of Bitcoin spot ETFs has decreased, and the overall market is experiencing a correction phase. The wallet balances of Bitcoin continue to decrease, indicating that there is not a large amount of selling, but rather that early profits are being gradually cashed out, leading to price adjustments. This is actually a short-term washout action, which has also liquidated some high-leverage positions.

From the intraday liquidation chart, the market is in a standoff situation. In the next 7 days, BTC may continue to rebound and challenge 95,000. If it breaks through 100,000, there will be 7.5 billion dollars of short positions facing liquidation.

So based on the current situation, I believe that after today, we might see a significant rebound tomorrow. Yesterday I said it would drop, and it dropped today, as everyone saw; I didn’t deceive anyone. Although there is a divergence on the daily chart, this does not prevent a quick pullback after breaking through 100,000.

Next, for high-leverage operations, the risk is still relatively high. If you are unsure how to operate, you can follow me, and I will teach you how to operate safely. That’s all for today.