Market Express Long positions brutally washed out! Bitcoin's 110,000 mark becomes a "meat grinder", Ethereum's 2,750 becomes the lifeline for bulls and bears
Liquidation data is alarming
24-hour bloody statistics (latest data from Coinglass):
Total liquidated across the network: 105,506 people
Long position liquidations: $200 million (68% share)
Short position liquidations: $94.93 million
Largest single liquidation: $4.3 million (125x BTC long position on a certain exchange)
12-hour data is even more astonishing:
The amount of long position liquidations reached 3.5 times that of short positions ($160 million vs $45.94 million)
Liquidations concentrated between 3-5 AM (liquidity trap period)
Bitcoin's key offensive and defensive battle
Technical analysis:
Resistance stronghold: 110,300 has formed a solid top over three consecutive days (three tests without breaking)
Support levels:
First line of defense: 107,500 (4-hour EMA30)
Second line of defense: 106,500 (weekly trend line)
Ultimate defense: 105,500 (bulls' lifeline)
Today's battle plan:
Low long position ambush zone: 107,500-106,500 build positions in batches
Defensive stronghold: strict stop loss below 105,500
Target levels:
First target 108,500 (intraday short-term)
Second target 109,500 (hold on breakout)
Ultimate target 110,500 (testing previous high)
Ethereum's bull-bear slaughter
Precise point prompts:
The lowest point in the morning touched 2,742 (perfectly verified 2,750 support)
Current long position strategy:
Those already in the market continue to hold (stop loss raised to 2,700)
Those not in the market can ambush at 2,750/2,700
Risk control matrix:
Entry position Stop loss position Target position Risk-reward ratio
2,750 2,650 2,800 1:2
2,700 2,650 2,850 1:3
Lessons learned from blood and tears
1. Leverage killer: 83% of liquidated positions used 10x+ leverage
2. Time trap: Liquidations between 3-5 AM accounted for 47% of the entire day's total
3. Discipline warning: Accounts without stop losses were completely wiped out
Operation tips
Bitcoin: 107,500-106,500 split into two batches for low long positions (position ≤5%)
Ethereum: Pyramid building at 2,750/2,700 (first position 3%)
Taboo: If it breaks 105,500/2,650, strictly stop loss, refuse to counter-trend
(Strategies will be adjusted based on intraday changes)
This article represents personal views
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