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Hey, fellow crypto warriors, yesterday Bitcoin plummeted, and the whole network is filled with cursing! I will deeply analyze the behind-the-scenes drivers of this turmoil and share a few coping strategies for the common folk.
The Five Major Drivers Behind the Plunge
Policy:
A certain state government in the United States suddenly announced a suspension of investments in digital currencies, causing the market to react dramatically, with a surge in risk-averse sentiment and a wave of selling. Remember, policy changes are like a fog; wait for official statements before making decisions.
Platform Attacks:
A well-known exchange was attacked by hackers, resulting in the evaporation of 1.5 billion USD! User panic spread, leading to a wave of sell-offs. Asset security needs to be diversified, and cold wallet backups are essential for peace of mind.
High Leverage
In just 24 hours, 290,000 investors faced liquidation of their leveraged positions, with losses reaching 6.3 billion! A high-risk game, forced liquidations are ruthless; beginners should be cautious, spot trading still requires caution, and leverage is a minefield.
Technical Correction
After Bitcoin reached new highs, corrections followed closely behind. Veteran players had already predicted this, pointing to the 70,000 USD mark. Institutions prepared for retreat in advance, and retail investors need to be vigilant, avoiding the belief that prices will only go up. Trend analysis and support judgment are the right path.
International Turmoil
The situation between Russia and Ukraine is tense, causing funds to seek refuge in gold, which also affects the crypto space. During geopolitically sensitive periods, gold and Bitcoin see fluctuations in relation to each other. Keep an eye on global dynamics and flexibly adjust asset allocation.
I hope all comrades invest rationally and proceed cautiously.
Now that the market is stabilizing after the correction, the bull market is about to restart! I have carefully selected a altcoin expected to increase fivefold, comment '68' to find out more!
For more truths and valuable insights from the crypto world, I'll guide you to earn steadily and clearly!
#币安LaunchpoolRED #比特币价格走势分析 #美联储降息预期
#mrk $ETH $BTC
The Five Major Drivers Behind the Plunge
Policy:
A certain state government in the United States suddenly announced a suspension of investments in digital currencies, causing the market to react dramatically, with a surge in risk-averse sentiment and a wave of selling. Remember, policy changes are like a fog; wait for official statements before making decisions.
Platform Attacks:
A well-known exchange was attacked by hackers, resulting in the evaporation of 1.5 billion USD! User panic spread, leading to a wave of sell-offs. Asset security needs to be diversified, and cold wallet backups are essential for peace of mind.
High Leverage
In just 24 hours, 290,000 investors faced liquidation of their leveraged positions, with losses reaching 6.3 billion! A high-risk game, forced liquidations are ruthless; beginners should be cautious, spot trading still requires caution, and leverage is a minefield.
Technical Correction
After Bitcoin reached new highs, corrections followed closely behind. Veteran players had already predicted this, pointing to the 70,000 USD mark. Institutions prepared for retreat in advance, and retail investors need to be vigilant, avoiding the belief that prices will only go up. Trend analysis and support judgment are the right path.
International Turmoil
The situation between Russia and Ukraine is tense, causing funds to seek refuge in gold, which also affects the crypto space. During geopolitically sensitive periods, gold and Bitcoin see fluctuations in relation to each other. Keep an eye on global dynamics and flexibly adjust asset allocation.
I hope all comrades invest rationally and proceed cautiously.
Now that the market is stabilizing after the correction, the bull market is about to restart! I have carefully selected a altcoin expected to increase fivefold, comment '68' to find out more!
For more truths and valuable insights from the crypto world, I'll guide you to earn steadily and clearly!
#币安LaunchpoolRED #比特币价格走势分析 #美联储降息预期
#mrk $ETH $BTC
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#pi #币安Alpha上新 #mrk
Look at me, look at me, take a closer look!! These two orders were opened in the afternoon👇👇👇
Instead of blindly exploring, consuming, and learning lessons in the market without learning the correct method, it is better to systematically learn the disk interpretation technology and master the correct investment and money-making methods as early as possible. In this way, we can turn losses into profits in the future and get rid of the fate of leeks.
Fire Wolf will always follow the core of trading: technology, positions, and flexible use of strategies.
Watch the market and share strategies every day, and share good strategies with fans
Avoid the biggest risks for everyone!!
#币安Alpha上新
Look at me, look at me, take a closer look!! These two orders were opened in the afternoon👇👇👇
Instead of blindly exploring, consuming, and learning lessons in the market without learning the correct method, it is better to systematically learn the disk interpretation technology and master the correct investment and money-making methods as early as possible. In this way, we can turn losses into profits in the future and get rid of the fate of leeks.
Fire Wolf will always follow the core of trading: technology, positions, and flexible use of strategies.
Watch the market and share strategies every day, and share good strategies with fans
Avoid the biggest risks for everyone!!
#币安Alpha上新
$MKR If you r thinking of shorting MKR/USDT
Read this before you go
📉 Why Shorting is Viable
1. Bearish Technical Alignment
- MACD: Bearish crossover (DIF: -1.06 | DEA: 0.09 | MACD: -2.29).
- EMA/SMA:All key EMAs (10, 20, 50, 200) are above the price, signaling sustained downtrend.
- RSI (14): 39.1 (neutral but trending downward).
2. Market Sentiment & Liquidity
- Futures Basis:Backwardation (futures < spot) confirms short-term bearish bias.
- Order Book:** Heavy sell walls at $1,234–$1,240; weak bids below $1,230.
- **Liquidation Zones:** Critical support at **$1,222.2** (24h low). A break below could trigger cascading liquidations.
3. **Risk/Reward Setup**
- **Aggressive Entry:** Short near current price ($1,233.6) with tight stop loss.
- **Conservative Entry:** Wait for confirmed breakdown below **$1,222.2** to avoid false rebounds.
---
### 🎯 **Short Strategy**
- **Entry Zone:**
- **Aggressive:** $1,230–$1,235 (current resistance).
- **Conservative:** After confirmed break below **$1,222.2**.
- **Targets:**
- $1,200 (psychological level) → $1,180 (next liquidity zone).
- **Stop Loss:**
- **Aggressive:** Above $1,245 (EMA 20 resistance).
- **Conservative:** Above $1,230 if waiting for breakdown.
---
### ⚠️ **Key Risks**
- **Oversold Bounce:** Stochastic RSI (K:11.6 | D:11.4) is oversold, which could trigger a short-term rebound.
- **Long Dominance:** 63.4% longs on Binance may defend key support levels temporarily.
---
### 📊 **Final Decision**
Shorting is justified** given the bearish momentum, but execution requires precision:
1. Conservative Traders:** Wait for a confirmed breakdown below $1,222.2 to avoid fakeouts.
2. Aggressive Traders:** Enter now with tight stops and scale in on further weakness.
Critical Note: Monitor price action around $1,222.2. A failure to break lower could lead to a squeeze, but a confirmed breakdown opens significant downside.
---
**Trade with discipline—stick to your stop loss! #mrkusdt
#mrk
Read this before you go
📉 Why Shorting is Viable
1. Bearish Technical Alignment
- MACD: Bearish crossover (DIF: -1.06 | DEA: 0.09 | MACD: -2.29).
- EMA/SMA:All key EMAs (10, 20, 50, 200) are above the price, signaling sustained downtrend.
- RSI (14): 39.1 (neutral but trending downward).
2. Market Sentiment & Liquidity
- Futures Basis:Backwardation (futures < spot) confirms short-term bearish bias.
- Order Book:** Heavy sell walls at $1,234–$1,240; weak bids below $1,230.
- **Liquidation Zones:** Critical support at **$1,222.2** (24h low). A break below could trigger cascading liquidations.
3. **Risk/Reward Setup**
- **Aggressive Entry:** Short near current price ($1,233.6) with tight stop loss.
- **Conservative Entry:** Wait for confirmed breakdown below **$1,222.2** to avoid false rebounds.
---
### 🎯 **Short Strategy**
- **Entry Zone:**
- **Aggressive:** $1,230–$1,235 (current resistance).
- **Conservative:** After confirmed break below **$1,222.2**.
- **Targets:**
- $1,200 (psychological level) → $1,180 (next liquidity zone).
- **Stop Loss:**
- **Aggressive:** Above $1,245 (EMA 20 resistance).
- **Conservative:** Above $1,230 if waiting for breakdown.
---
### ⚠️ **Key Risks**
- **Oversold Bounce:** Stochastic RSI (K:11.6 | D:11.4) is oversold, which could trigger a short-term rebound.
- **Long Dominance:** 63.4% longs on Binance may defend key support levels temporarily.
---
### 📊 **Final Decision**
Shorting is justified** given the bearish momentum, but execution requires precision:
1. Conservative Traders:** Wait for a confirmed breakdown below $1,222.2 to avoid fakeouts.
2. Aggressive Traders:** Enter now with tight stops and scale in on further weakness.
Critical Note: Monitor price action around $1,222.2. A failure to break lower could lead to a squeeze, but a confirmed breakdown opens significant downside.
---
**Trade with discipline—stick to your stop loss! #mrkusdt
#mrk
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