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#BTC Daily Market Analysis
Past 24 hours market liquidation CoinGlass data: a total of 108,166 traders were liquidated, with a total liquidation amount of $685 million. Among them, long positions account for about 19%, and short positions account for about 81%.
Michael Saylor announced an increase of over 1,500 BTC, but the market is no longer buying it. The previous move where he sold 32 BTC has already become a trigger, and retail traders are holding onto that point. We are steadily heading towards $60,000, and there is a high probability that we will test this area again.
I still see no direct reason to break below $60,000, but I do not rule out this possibility, which has about a 15% chance. In the short term, it doesn't really matter what happens, because our focus is only on the larger structural level.
BTC buy order strategy:
60388-59388 layered orders
Take profit: 61888-62888-63888
Stop loss: effectively break below 69,000