This BTC 30-minute liquidation chart is quite scary. The colored horizontal lines represent the liquidation positions at different leverage levels, with brighter colors indicating higher leverage.
Currently, two key points can be observed:
First, the downward space for decline is significantly larger than the upward space for growth. Second, the highest point of the strong leverage liquidation area above is approximately the red line at $97,000.
Be particularly aware of two phenomena:
Long periods of sideways movement will create new liquidation points in areas that were originally safe. Simply put, if more and more people short the market, new liquidation bars will form above the price, which will attract the price to continue rising.
During declines, other indicators must also be considered, such as the two white horizontal lines drawn with Fibonacci in the chart, which are worth paying attention to.
My operational plan is very clear:
If it drops down, I plan to buy the first batch of spot at $87,000 and then buy the second batch at the next support level.
If it rises, I will try to short with a small position near $97,000.
Are you stuck? When to bottom out? It's still that saying, if you're confused and helpless not knowing what to do, click on the profile picture to comment. I need fans, and you need references.
Daily focus: DEEP BTC ETH SUI
