$BTC Below is a quick analysis of the BTCUSDT chart on the H1 timeframe for your reference.
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Quick analysis of BTCUSDT - H1 timeframe
The price is currently below the MA10 line, indicating that the short-term trend is still downward.
The current candle is a large red one, breaking the short-term low of 95,508.7, indicating that selling pressure is increasing.
Bollinger Bands are widening and the price is near the lower band (DN: 95,536), signaling that the downtrend is being reinforced.
RSI(6) is at 30.1, close to the oversold area but there are no clear signs of a rebound yet.
MACD is below 0 and the histogram is still negative, showing no clear signs of a reversal.
In summary: The H1 trend is leaning towards a decline, and there are no clear reversal signals yet. Investors need to be cautious if they intend to catch the bottom, prioritizing selling according to the trend.
$BTC I don't dare to breathe heavily, everyone. If any brothers haven't joined yet, then wait for the bottom to drop, don't shoot anymore, just let it be. 😂
1. Main trend: Prices are clearly in a downtrend, moving below the middle line of Bollinger Bands (MB: 96,068.4) and facing resistance in this area.
2. Most recent candle signal:
The previous candle has a long lower wick, touching the bottom at 95,508.7 → indicating buying support.
The current candle is a rebound candle, but with a small body → buying pressure is not strong yet.
3. MACD:
Still below 0 and the two MACD lines are very close to each other, indicating that the downtrend is slowing but there are no clear signs of a reversal yet.
4. RSI(6): 40.5 → still in a weak zone, but showing signs of moving up, a technical rebound may occur.
5. Volume: No significant spikes, selling pressure is not too strong but buying is also not dominant.
Current short strategy assessment:
If you are holding a short position from a higher area (for example around 96,500 - 97,000), then the position is still stable.
Need to closely observe the support area at 95,500 – if the price breaks down with high volume, it may continue to decrease.
If the price rebounds to the MB area (96,068) or the upper Bollinger edge (96,480) without breaking above, it could be an opportunity to reinforce the short position.
$BTC Below is a concise and easy-to-understand article about the low liquidity effect:
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[Low Liquidity Effect – The Silent Trap in the Market]
Many people only look at prices, but do not pay attention to liquidity – a silent yet extremely important factor in determining the "real" nature of a price increase or decrease.
1. What is low liquidity?
It is when there are not many buyers and sellers, resulting in thin order books and weak trading volumes.
2. What happens when liquidity is low?
Prices can be easily pushed up or down sharply with just a moderate volume.
It is very easy to experience a "stop loss hunt" – prices suddenly spike or drop and then return to previous levels.
Large orders from whales or exchanges can easily stir up the market.
3. When is the market likely to fall into a low liquidity state?
On weekends, especially Sunday nights.
Before the US session (around 11 AM–2 PM VN).
After major news (the market stands still).
During international holiday periods.
4. Advice when encountering low liquidity:
Do not FOMO.
Avoid entering trades based on "spike candles."
If you have already entered a trade, use low leverage and set reasonable stop losses.
Carefully observe the volume to confirm the reliability of the trend.
In summary:
> Low liquidity does not kill anyone, but it can easily create psychological traps and a "clean sweep". The more experienced a trader is, the more they must observe liquidity – not just look at candles.
[Answer: Can exchanges push the price of Bitcoin to 'eat' short orders?]
The answer is: YES, but it cannot always be done.
When too many people are shorting at the same time (especially using high leverage), exchanges or market makers can push the price up to trigger stop losses => creating a short squeeze effect => forcing traders to buy back at high prices.
However, this is only easy to do in low liquidity markets (like on weekends or after major news). In high liquidity spot markets, no one has enough power to unilaterally control the price of Bitcoin.
=> Exchanges can create short-term noise, but cannot control the overall trend. Traders only lose when they enter at the wrong point, use high leverage, and do not have stop losses.
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In summary:
> Don't be afraid of exchanges 'eating orders', just be afraid of not having a clear strategy and solid discipline.
$BTC open interest index shows that a large volume of open orders and liquidity is flowing into BTC today, the ratio of short orders dominates but the liquidity volume leans towards the long side with high leverage (possibly due to large players opening orders). What do you think the next scenario will be?