Dear friends, at present, Bitcoin is likely to be at the bottom of this round of decline near 78,000. This wave of decline did not appear in the kind of waterfall-like market that caught people off guard. The entire decline lasted for about two days.

Do you know? Up to now, the amount of long positions has reached 1.4 billion, which is very close to the 1.5 billion single-day liquidation during the last waterfall market.

In fact, this is the result of wanting to "eat the tail" at the end of the market. But the problem is that many people did not realize that it was the end of the market, and they were still looking forward to it not to have a correction and continue to move out of the large-scale, trending market.

As far as the current situation is concerned, after this wave of decline, the price of Bitcoin should temporarily stop falling at 95. However, it is too early to determine whether it is a shock bottom. After all, if we only look at the liquidation data, it seems to have reached a certain level, but the position data needs to be further reduced, and the funding rate must be turned into a negative rate and maintained for a period of time. In addition, from the K-line trend, a sideways structure needs to be formed at the bottom. Therefore, we still have to give the market more time to develop and change. If you want to do short-term long operations, you can try it, but if you want to catch a bigger market, you have to prepare for moving stop loss in advance, so as to control the risk as much as possible. $BTC