The Crypto Market Shakes: Opportunities and Risks After the Spectacular Drop
A recent sharp drop has shaken the crypto market, attracting both bold investors and reckless traders. If you want to take advantage of this situation, a strategic analysis is essential. Between massive liquidations and key zones to monitor, here’s a complete breakdown to guide you.
A Wave of Massive Liquidations
The numbers are clear: $563 million in long positions were liquidated within 24 hours, compared to just $61 million in shorts. This highlights a worrying trend: many traders, especially retail investors, attempted to "buy the dip" without proper preparation. The result? Substantial losses and increased volatility.
Below the $93,000 level, liquidity is abundant, fueling the strategies of whales and other major market players. These critical zones attract their attention as they offer opportunities to trigger liquidation cascades.
Short-Term: Observe Before Acting
In such a context, patience becomes an essential virtue. Attempting to catch the market during a freefall is a risky strategy that can be costly. The priority is to wait for clear signals before taking a position.
The $93,000 zone could act as a temporary support. If the market shows signs of stabilization, such as increased volumes or bullish candles, this could represent an interesting entry point. However, always place well-calculated stop-losses to limit potential losses.
A technical rebound could target levels like $96,000 or $98,000, where it would be wise to take partial profits. These zones represent major short-term resistances.
Long-Term: A Broader Perspective
If the $93,000 support breaks, the market could drop to $90,000, or even $88,000. These levels are strategic for long-term investors looking to accumulate at favorable prices.
On the other hand, a clear break above $100,000, accompanied by significant volumes, could signal a bullish recovery. In this case, ambitious targets like $104,000 or $105,000 become achievable.