BTC Daily Market Analysis



In the past 24 hours, market liquidation data from CoinGlass: across the entire network, 68,508 traders were liquidated, with a total liquidation amount of $283.74 million. Of this, long position liquidations accounted for approximately 64%, and short position liquidations accounted for approximately 36%.

The price has reached the $76,000 support zone. Some buy-side reaction has appeared here, but most likely it is not enough to prop up the price.

In my view, this is just a brief pause before a major drop. Don’t forget, we still have plenty of downside room, and the liquidity below also needs to be cleared.

For now, first observe whether the price will be pushed down to $75,000, and then decide based on the order book at that time. You can try shorting with a light position; this is the best strategy at the moment.
$BTC #PYTH今日解锁21.3亿枚代币
BTC0.83%
PYTH-2.57%
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