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#BTC Daily Market Analysis
Past 24 hours market liquidation data from CoinGlass: a total of 68,508 traders were liquidated across the network, with a total liquidation amount of $283.74 million. Among them, long positions accounted for approximately 64%, and short positions accounted for about 36%.
The price has reached the $76,000 support zone, where some buying response has appeared, but it is unlikely to be enough to hold the price.
In my view, this is just a brief respite before a major decline. Don’t forget, we still have significant downside potential, and liquidity below also needs to be cleared.
Currently, observe whether the price will drop to $75,000, then decide based on the market situation. You can try to take a small short position; this is the best strategy at the moment.