On Thursday morning, over 182,900 people were liquidated in the past 24 hours, with both longs and shorts being killed by the market makers. Long positions lost $300 million, while short positions lost $220 million. Bitcoin initially surged with a strong upward movement to around $88,500, liquidating short positions, and many rushed to chase the long positions, thinking it would rise to $90,000. However, the bulls abruptly halted at midnight and a downward reversal occurred, with a minimum retracement to around $82,137, liquidating another wave of those chasing long positions. The market manipulation is severe, and one should avoid chasing highs and selling lows! This liquidation data has become quite common; regardless of whether the market rises or falls, there will always be people getting liquidated. It has nothing to do with longs or shorts, gains or losses! It is about position management and risk awareness, which is emphasized daily, yet every day, many newcomers are still getting liquidated.
The market continues with a familiar pattern; the more it rises, the larger the fall. Downtrends are always easier than uptrends. For the market makers, harvesting is also quite effortless, continuously clearing out market positions. From a technical structure perspective, the current weak adjustment background has completely opened up. The recent trend has been a consistent net outflow, with no positive news in sight. At the same time, tariffs have been in a tense state, which finally led to a collapse in the cryptocurrency market overnight! Bitcoin experienced a significant drop. The daily chart also shows a sharp decline, with a large bearish candle. If today's price cannot return above the daily midline of $85,000, there are signs of a continued weakening in the short term. Therefore, under the current weak rhythm and background, if the adjustment opens up, it may directly break below the $81,500 low, approaching $79,500 to continue the previous daily bottom rhythm.
For intraday operations, it’s very simple; after a short-term decline, there will always be a rebound. You just need to catch this rebound to short. This node in the $83,500-$84,000 area can be shorted directly, targeting the $82,300-$81,800 range. If it breaks, continue to watch for a continuation!
In facing the market, one must follow the trend, assess the situation carefully, and avoid being blindly stubborn! Wishing everyone success, always present, with a good market sense, those who understand will understand!
#美国加征关税 #巨鲸动向 $BTC