Very capable of tossing around! Bouncing back at night, then quickly crashing down! Slow rises and rapid drops are often seen as a washout, and it's also a way to offload, a common tactic in a bull market, where the main funds are cleaning up the long positions to facilitate the subsequent surge.
From the liquidation data, today the majority of liquidations were long positions, with over 207,000 people liquidated in the past 24 hours, among which long positions accounted for 430 million USD and short positions for 100 million USD. Bitcoin is unlikely to effectively break below 97,500 here, and the probability of a rebound later in the night is still quite high. Meanwhile, for Ethereum, keep an eye on the support around 3,790 here; if it doesn't effectively break below this level, the upward channel will not be broken! #币安MOVE开盘 $BTC