BTC Daily Market Analysis



Data from CoinGlass on liquidations in the past 24 hours:
A total of 78.7k traders were liquidated, with a total liquidation amount of $97.36 million (58% long positions, 42% short positions). The market continues to steadily drain funds from both longs and shorts.

Market Analysis:
Currently, all the fluctuations within the $60k to $70k range are just noise and have no real significance for our trading. This boring sideways consolidation will eventually break downward. Whether it happens tomorrow, in a week, or in a month is not important.

Market makers might even push the price up to $80k first, completing a final sweep of retail traders, then sharply dump it down to $50k. I strictly follow this logic and have been holding a swing short position for the third month now.

The big players can easily drag this out for another one or two months. Their goal is very transparent: to trap retail traders in endless swing trading, encouraging inexperienced newcomers to go crazy with high leverage on lower timeframes. We don’t play that game. We patiently wait for the trend to clarify and protect our capital!
BTC-0.91%
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