1. $BTC fell to 9.1w, and high-leverage long positions were liquidated countless times, but longs are still emerging in an endless stream. Just as one batch was eliminated, a new batch will appear.
Between 9w and 9.1w, there is still a dense area of longs. If it falls below 9w, more than 1 billion orders will be liquidated. According to the current situation, the dealer should not let it go.
It is still a holiday in the United States, liquidity is very poor, and the market is easily manipulated.
2. At 21:30 tonight, the most important non-agricultural data will be released. Some investors have sold for risk aversion. After all, the job vacancies in the job market have caused#BTCto fall by 10%.
The influence of non-agricultural data far exceeds that of employment data. In addition, it is approaching the weekend again, and the main short-selling forces in the market may continue to slaughter longs until they are cleared.
However, it is too early to conclude that we have entered a bear market. The benefits of halving and power transfer have not yet been realized.
For us, we must control our positions and leverage and not fall before dawn.
