$BTC BTC drops to 83,480,
But there’s a detail worth paying attention to this time.
In the past 24 hours, the price is down 2.26%, yet OI has fallen by about 9.39%. If a large number of new short positions were truly opened, OI would usually increase; what we’re seeing now looks more like deleveraging driven by longs closing positions, stop-outs, and liquidations.
The issue is also clear: over the last 4 hours, the ratio of aggressive buying and selling is only 0.827, and large holders’ long positions still account for 66.2%. The shakeout may not be fully over yet.
My left-side plan:
81,600—82,400: main staging area
79,500—80,500: deeper pullback zone
Below 78,500: the setup is invalid
Above, first look at 85,900 and 87,300,
with the real profit target at 89,800—90,500
For those going long now, are they taking in the golden pit, or catching the next waterfall? I choose the former—but only when the price is cheap enough.
But there’s a detail worth paying attention to this time.
In the past 24 hours, the price is down 2.26%, yet OI has fallen by about 9.39%. If a large number of new short positions were truly opened, OI would usually increase; what we’re seeing now looks more like deleveraging driven by longs closing positions, stop-outs, and liquidations.
The issue is also clear: over the last 4 hours, the ratio of aggressive buying and selling is only 0.827, and large holders’ long positions still account for 66.2%. The shakeout may not be fully over yet.
My left-side plan:
81,600—82,400: main staging area
79,500—80,500: deeper pullback zone
Below 78,500: the setup is invalid
Above, first look at 85,900 and 87,300,
with the real profit target at 89,800—90,500
For those going long now, are they taking in the golden pit, or catching the next waterfall? I choose the former—but only when the price is cheap enough.