$BTC This wave is really difficult to hold on to. When I looked this morning, it was still above 102,000. Moreover, there were far more short positions than long ones, so I took a long position around 102,200. No sense of martial ethics at all. The 4-hour chart directly showed panic selling, and it was another significant sell-off driven by news. Basically, everyone who went long today got liquidated, including my position, which has already hit the stop loss during the recent drop.

The commotion that erupted on Sunday night is quite significant. In the past 4 hours, 196 million worth of long positions have been liquidated. Logically, if there is a drop on Sunday, it is very likely that there will be a rebound on Monday. If by midnight tonight the price still cannot recover above 100,000, then it is quite possible that the decline will continue before the US stock market opens on Monday. The first level is 97,000, and the second level is 93,000.

Let's observe for now; this could be an opportunity, but it might also be a bull trap.