BTC has truly broken the 100,000 mark, and the group is in an uproar—over 470,000 people have been liquidated in the past 24 hours, with 2.1 billion lost, and 90% were long positions. This wave of 'blood wash' is too severe. Yang Ge is straightforward, directly explaining the reasons and providing solutions; traders should take a look.
First, let's talk about why it has dropped so sharply? The core issue is a dual blow from the funding and sentiment aspects. On one hand, the U.S. spot Bitcoin ETF has seen net outflows for four consecutive days, with BlackRock alone losing 400 million in a single day, and institutions are pulling out, so the support naturally weakens. On the other hand, the market was already in a downward structure, with failed rebounds repeatedly; after breaking the key level this time, panic selling has emerged, creating a vicious cycle of selling more as prices drop.
The key point here is that the operational strategy is very clear: short-term rebounds should continue to be avoided, and do not confront the trend head-on.
Entry point: around 102100-102600, this is the key pressure zone for rebounds, making it most suitable to enter around this area.
Target level: looking down towards 101100-100100, these two levels are important short-term supports; first, let's see if they can hold.
Be sure to set a stop loss! Once the rebound breaks through the key level, don't hesitate to leave directly; be flexible and don’t stubbornly hold on. $BTC
