BTC guillotine! 66175 not breaking is an illusion, if it breaks, it’s a bottomless abyss! The liquidation chart is full of liquidation orders, the Federal Reserve's hawkish stance is just the beginning, those with holdings should run quickly!
Stop pretending to be asleep, this four-hour line of BTC is the guillotine. It's not a pullback; it's a total air force attack. The price is hovering around 66500, looking stable, but underneath is all the blood of bullish liquidations. I'm staring at this chart, just want to say one thing, whoever catches the flying knife will die.
Completely broken, there’s no saving it, the previously touted 68000 support has been directly smashed through. The moving averages are dead cross pulling down, heavy like a weight. Now, don't even talk about 69000, even 68000 has turned into a high-pressure line. The trading volume is all green; it expands when it falls and contracts when it rises, this is the standard pattern of the main force offloading.
The liquidation heat map shows that from 66000 to 67000, there are all yellow bars. What does this mean? It means that during this wave of sharp decline, we don’t know how many leveraged long positions have been liquidated. Even scarier is that above 69000 to 70000 there are still a bunch of orders waiting to explode; as long as there’s a rebound, there will be dumping.
Large funds are running, the people at the Federal Reserve are stubbornly refusing to cut rates, the Middle East is still chaotic, and the overall environment is tight. Look at the ETF, it has been in net outflow these days. Institutions are selling, while retail investors are still shouting to bottom fish; isn’t this a typical case of retail investors catching the knife?
I suggest those without holdings, don’t move. Doing longs at this position is suicide, and I also think short positions are a bit weak; the best strategy is to turn off the computer and sleep. For those with holdings, 66175 is life. If it breaks, cut immediately, don’t think about averaging down, below 65000 is a big pit, it’s hard to climb out once you fall in. Those shorting should take profits when they are good. Don’t be greedy for the last drop of blood; if there’s a weird news spike at night, you won’t be able to handle it.
Do you think 65000 can hold? Spam me in the comments, if it really breaks, will you cut losses or average down?
The market has experienced a sharp decline, blood is flowing in the market, I will prepare some strong coins suitable for bottom fishing as a recovery plan later. Those who want to follow the strategy, contact 进聊天室.
