A 500 million big order can't hold on
Last night was particularly interesting, ETH gathered high-intensity support around the 4179 position, and then the market suddenly braked around 4181, thinking this wave could stabilize.
In the morning, I saw it had already been pierced through; there is no strong support below ETH anymore. The bearish force is quite strong.
Maintain the view that BTC has already dropped to around the 113k position, with around 1110 still being a relatively favorable support in the recent period.
If it can't hold on, we all perish.
If it holds, there is a high probability that BTC will enter a consolidation phase, while ETH has lost support.
So will you choose to buy the dip at this time?
Image 1: Liquidation map around 10:00 last night
Image 2: The 500 million big order held on
Image 3: The 500 million big order is gone, strong support has disappeared
