🔥Market Flash | BTC trades sideways in a tug-of-war, high-volume deleveraging underway
$BTC Oscillating around 84,000, with a range of 83,100–85,300; $ETH slightly outperformed BTC, stuck between 2,689–2,693, but trading volume failed to keep up
Total crypto market capitalization fell 2.3% over the past 24 hours, while trading volume rose 1.5%—a typical high-volume deleveraging market!
Clear divergence across the market:
$SOL held above 120, rising 3% over the past 10 hours; $XRP closed slightly higher; $BNB came under pressure, with AVAX, GameFi, and SocialFi leading the declines
Liquidations were mainly on the long side, with long liquidations totaling $30 million–$100 million over the past 4 hours
Key liquidation levels: support at 80,700 and 82,800 | resistance at 85,700 and 87,000
The Fear and Greed Index remains in the greed zone at 71, but prices have started to pull back;
ETF flows diverged, with only SOL seeing net inflows;
The macro environment remains affected by U.S. Treasury and geopolitical developments!
✅Short-term strategy: Don’t chase the rally!
Wait for BTC to hold above 85,000 and ETH to move above 2,720 before looking for a rebound;
If BTC falls below 83,100, beware of the risk of cascading liquidations.
Will the next move be a rebound and recovery, or another leg down? Share your thoughts in the comments🤝#BTC短线回调 #山寨币大幅回落 #GateBTC现货交易量跻身前三