#Gate广场四月发帖挑战 The weekend combined with the Qingming holiday has caused the overall cryptocurrency market to fall into silence. In the past 24 hours, over 70k traders have been liquidated across the network, totaling $104 million, including $66.21 million in long positions and $37.64 million in short positions. This decline is not driven by strong bearish attacks but more like a collective stampede by the bulls.

Looking at individual liquidation records, a single $8.92 million BTC long position on the Gate platform was wiped out completely. Although such incidents are common, seeing this number still evokes sympathy; perhaps this trader still believed they were on the right side before going to sleep.

The top three liquidation amounts are: XPL $28.15 million, BTC $24.10 million, ETH $12.89 million, and SOL with $2.13 million. The total for small-cap coins is nearly $8.99 million. Overall, 64% of liquidations came from long positions. Even in a downward trend, many traders are stubbornly holding on and adding to their positions, convinced that the bottom has been reached.

Currently, BTC is priced at $66,850, with a narrow range of a few hundred points in the day, showing no volume or clear direction, and weak volatility. The current market feels like someone saying "It's okay," even though something is clearly wrong, but no one can pinpoint the problem, so everyone is just waiting.

The market is in a typical low-volume sideways consolidation, generally weak, and it is not advisable to enter blindly. Resistance above is strong at $67,400-$67,800, making a direct breakout difficult; the key support today is at $66,000. If it falls below $65,500, it is recommended to exit immediately and not hold on.

If you are trading contracts, remember not to go all-in. Suggested operations:

1. Long: If the price retraces to support at $66,000-$66,200, consider a small long position with a stop loss at $65,400, targeting $67,000-$67,400.
2. Short: If the price rebounds to $67,400-$67,600 but cannot break through, consider opening a short with a stop loss at $68,000, targeting $66,500-$66,000.
3. Breakout: If it falls below $65,700, consider shorting with targets at $65,000-$64,500; if it stabilizes above $68,000, consider reversing to long, and do not fight the trend.