December 12, 2024 24-Hour Liquidation Reference Points

BTC Liquidation Details

Short Liquidation

- The strength of short liquidation peaked at the price level of 101950; a strong liquidation trend is observed in the range of 102000 to 102950; there is a high density of short positions waiting to be liquidated in the range of 103800 to 104100.

Long Liquidation

- The core support price for long liquidation is 98850; the liquidation strength of long positions in the range of 99350 to 98600 cannot be ignored; the price level of 96850 is also a key point for long liquidation.

Key Support Areas and Trading Strategies

- The range of 99300 to 98800 establishes a key support zone below 100000, with 98200 being a strong support point within this area. If the support level of 98200 is breached, 96850 will become a key strong support below. These points are ideal entry points for long positions and averaging down opportunities in short-term trading.

ETH Liquidation Details

Short Liquidation

- The strength of short liquidation is most prominent at the price level of 3852; the range of 3856 to 3888 shows strong short liquidation performance; a large number of short positions are gathered and waiting to be liquidated in the range of 3916 to 3960.

Long Liquidation

- The strongest support for long liquidation is at the price level of 3736; the range of 3748 to 3712 shows notable long liquidation; there is a large accumulation of long positions waiting to be liquidated in the range of 3664 to 3644.

Support Points and Trading Strategies

- Below the price level of 3828, 3772 and 3742 are important support points; these three points are preferred entry locations for short-term long positions. Strong support is at the price level of 3660.