#市场调整策略 Last night’s sell-off was indeed deep, fierce, and brutal, and those who went long undoubtedly got stopped out. According to the statistics, over 195,500 people were liquidated in the past 24 hours, with long positions liquidated at $550 million, while short positions were only $59.25 million, making it a targeted massacre against long positions! In the face of such a sell-off, all the candlesticks and analyses appear powerless; one can only say, 'Condolences to the bulls.' If it were spot trading, there would indeed be no panic; every sell-off allows you to buy in at a lower cost. However, for contracts, you must control your positions well; you can stop losses, but you must not be fully liquidated. From the liquidation chart, the bulls have really been cleaned out almost completely. It is said that in a bull market, the bulls often get pricked; before a surge, they like to manipulate the market, constantly whipping and cleaning out positions. But if they keep shouting this way, and retail investors have all been washed out, who else will participate? The Bitcoin long positions are defending at 96,000; this is the last line of defense and stubbornness, while Ethereum longs have already stopped out. At this moment, there aren’t many opinions on the market; it is likely to be a consolidation and oscillation during the daytime, and after the U.S. stock market opens in the evening, things will stir again. U.S. stocks are down, gold is down, A-shares are down, Bitcoin is down, and Ethereum is down; they are all sinking!