[Updated chart total 3 on 11/4/2024]

[Crypto 24h ago]

Currently, total 3 has broken down to 586B, if this candle does not pull up its wick in the daily candle, the scenario will be quite bad.

We need to see total 3 maintaining this position today and tomorrow.

In the past 24 hours, 103,456 traders have been liquidated, with a total liquidation amount of 236.49 million dollars.

The largest liquidation occurred on OKX - $BTC -USDT-SWAP valued at 9.97 million dollars.

$BTC continuously liquidating Long positions has caused Altcoin to bleed and continuously search for new lows.

Total 3 is currently sideways around the 590B level, I estimate that total 3 will only remain sideways around this level today and tomorrow.

Today and tomorrow, $ETH in the worst-case scenario will likely retest 2400.

If it breaks down, it will almost be completely shattered, and the scenario will bleed more than you think. And this is the worst-case scenario that could happen, dear members 🙃

Stay calm and breathe gently, dear newbies, while those of you who have experienced the downtrend in 2021 find these situations quite normal 😂.

The current price has already run ahead of the Fed news and elections, once the news is out, MM will exploit it to sweep both sides easily, it's nothing special.

P/S: I will monitor total 3 at positions of 720B, 820B, and possibly over 940B if this pressure continues today and tomorrow (Because this kind of pressure is not as simple as you think, the price will be quite interesting in the upcoming time)