A single big bullish candle hit the air force out of the blue. The highest BTC surged to the 81,000 level. In this pump, the short side was liquidated for more than $230 million. Zhong Liang’s low-long entry given to everyone is also a perfect wrap-up!
The recent thinking has been: as long as 75,000 isn’t broken, the long-side structure won’t be damaged. The rate-hike bearish news was already priced in early. The price dipped to 74,900, then found support and rebounded all the way—wasn’t the long call to get on board at 75,000? Even at 76,000, it’s still considered boarding. For ETH, it was to get on board at 2,370 and hold toward 2,600—it's coming soon!
Previously, so many times the market retreated around the 80,000 checkpoint, oscillating within the 80,000–75,000 range. But judging from the liquidation data this time, the shorts being squeezed is clearly only the visible part of the iceberg. This time, after the push up to around 84,000, shorts that were trapped with the usual momentum around 80,000—holding high shorts—were also being liquidated. Or those whose forced liquidation levels were around the previous high at roughly 82,800.
At the moment, there’s no clear sign of being pressured yet. Shorts can wait. It’s already Saturday—later I’ll update the specific midnight plan. Still mainly looking to place bids for low longs! #Zcash现货ETF月度净流入超2.3亿美元 $BTC
The recent thinking has been: as long as 75,000 isn’t broken, the long-side structure won’t be damaged. The rate-hike bearish news was already priced in early. The price dipped to 74,900, then found support and rebounded all the way—wasn’t the long call to get on board at 75,000? Even at 76,000, it’s still considered boarding. For ETH, it was to get on board at 2,370 and hold toward 2,600—it's coming soon!
Previously, so many times the market retreated around the 80,000 checkpoint, oscillating within the 80,000–75,000 range. But judging from the liquidation data this time, the shorts being squeezed is clearly only the visible part of the iceberg. This time, after the push up to around 84,000, shorts that were trapped with the usual momentum around 80,000—holding high shorts—were also being liquidated. Or those whose forced liquidation levels were around the previous high at roughly 82,800.
At the moment, there’s no clear sign of being pressured yet. Shorts can wait. It’s already Saturday—later I’ll update the specific midnight plan. Still mainly looking to place bids for low longs! #Zcash现货ETF月度净流入超2.3亿美元 $BTC
