$MAGMA One of the biggest features of a breakout that clears the empty zone is that it breaks the previous high, because the previous high is where a large number of stop-loss orders are located.
According to the liquidation heatmap, it is certain that the upper area will be liquidated. If a bull market arrives, then the lower area will also inevitably be liquidated again.
Many people say it’s bearish and shorting, but what I see is that after a violent washout and consolidation, the MACD is preparing to move upward through the zero line. I believe there’s a chance it could continue higher; even if it can’t reach 0.08, it may still reach 0.06. It may trade back and forth between 0.08 and 0.04 to cut positions. As for the possibility of rising back above 0.1, it’s extremely unlikely. $TUT
$BTC This market move really makes it clear what people mean by “when the tide goes out, you find out who’s been swimming naked.” So many people have nothing in their heads but holding down orders—refusing to let go—insisting the bear market isn’t over yet.
I agree that the bear market hasn’t finished. But I didn’t go short. What I see is a crowd of hard-headed people who stubbornly hold their positions without considering risk at all.
More brutally, as long as this current行情 (price action) dips back up—stabbing back to the prior high—it’s enough to liquidate most of the high-multiple short positions. Then, if the trend reverses again, or if there’s a so-called “fake breakout” that just pushes straight up to 100,000, these people will be completely buried. No stop-loss, no escape route—so in the end, they can only die with no place for burial.