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BTC Daily Market Analysis
Past 24 Hours Liquidation Data:
According to CoinGlass statistics, a total of 78,877 traders were liquidated across the entire network, totaling $263.03 million (with long positions accounting for 63% and short positions for 37%). The market continues to punish those impulsively chasing highs and rushing into the top prematurely.
Market Analysis:
The current market is still attempting to break through the resistance level near $73,000. This upward push is likely to succeed, and the price may be driven up to the upper boundary of the ascending channel, around $75,000. At the moment, I won't try to predict the overall direction because the chart shows no healthy technical logic.
My Expectations:
The current market is entirely controlled and manipulated by market makers. Even if this final breakout is driven by sudden geopolitical news (such as Iran unexpectedly reaching a comprehensive ceasefire or other major positive news), I wouldn't be surprised. Large funds are using various news headlines to achieve their goals. Everyone must stay extremely cautious, protect your principal, and avoid blindly opening positions!