$BTC BTC Daily Mood Analysis

Market Liquidation Data for 24 Hours:

According to CoinGlass data, a total of 143,510 traders were liquidated across the network in the past 24 hours, with a total liquidation amount reaching 480.59 million USD (of which long positions account for about 84%, and short positions about 16%).

Technical Analysis:

As I previously anticipated, the market has started to pull back. Considering the extremely low buying sentiment, this trend was also expected. We are currently back in the fluctuation range of 71,000 USD to 65,600 USD, and it is likely that we will test the lower edge of the range again, as the selling pressure remains strong.

Market Outlook:

The possibility of breaking below this support level is also considerable, which may lead to further downside and sweep the liquidity below. Everyone must be psychologically prepared for this scenario. Currently, it is advisable to cautiously attempt short positions under strict risk control.