Sky falling? $BTC Long at 64000 trapped by 2400 points! Old Zhang shows you the way!

When the market drops so much that you doubt life itself, it's often just the final push before the bottom.

Bro, the long position you entered at 64000, now floating loss of 2400 points. Panic is normal, but don't act rashly.

Old Zhang breaks down three things for you:

News: Tech stock crash drags down BTC, once broke through 60k, hitting a 20-month low. ETFs have net outflows every day, whales are exiting, retail is panicking. Jiang Zhuo'er even calls for a bear market target of 42k-44k, sounds scary. But remember, when everyone is extremely pessimistic, it's often the eve of a rebound.

Technicals: The 1-hour chart just completed a V-shaped rebound, from 60648 hard pulled to 61800, short-term bulls are quite strong. But RSI is nearing the 70 overbought zone, resistance at 62650 is tough, support below at 60650. The daily is still below the descending trendline, MACD is lying below zero, major bottom not confirmed.

Liquidation map: Longs in the 60k-60600 area were swept clean. Now short liquidation pressure starts accumulating at 61800-62000, so short-term shorts are also a bit weak. But the daily bearish structure remains unchanged.

Old Zhang's view: Bro who chased high at 64000, don't stubbornly hold! Take advantage of the rebound to around 62500-62650, reduce a portion of the position first to lower risk. Whether yesterday's low of 59060 is the true bottom remains to be seen.

Specifically, how many batches to exit, where to place stop-loss, everyone's position, leverage, and margin are different. There is no one-size-fits-all solution to get out of the trap.

Follow Old Zhang, don't blindly hold on your own. Holding onto losing positions is the most deadly.

#0成本拿2股SK海力士 #BTC下探60000美元关键关口 $ETH $BTC