#市场调整策略
Last night’s sell-off was indeed deep, fierce, and ruthless; 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 losing $550 million and short positions only $59.25 million, making it a targeted massacre against long positions!
In the face of this kind of sell-off, all candlesticks and analyses seem powerless; I can only say, my condolences to the bulls. If it were spot trading, there would indeed be no panic; each sell-off allows you to buy in at a lower cost. However, with contracts, you must control your position well; you can take losses, but you certainly cannot be completely liquidated. From the liquidation chart, the bulls have really been cleaned out almost completely. It is often said that in a bull market, the bulls get pricked, and before a surge, they like to trap the retail investors, constantly whipping and cleaning them out. But if this continues, and retail investors are all washed out, who will be left to play?
The defense for Bitcoin longs is at 96,000; this is the final defense and stubbornness, while Ethereum longs have already been stopped out. At this point, there aren’t too many opinions in the market; it’s likely to consolidate and fluctuate during the day, and after the U.S. stock market opens at night, there will be more action. U.S. stocks are down, gold is down, the A-share market is down, Bitcoin is down, and Ethereum is down.
