【BTC 4H】Longs just got liquidated, but even more people are buying the dip
Everyone thinks one round of liquidations is enough to flush the market clean, but $BTC may be different. According to The Block, about $770 million was liquidated across the market in the past 24 hours, including more than $680 million in long positions.
Current situation: Binance quoted 82,476 at 10:04, moving back and forth between 80,217 and 85,826.
① Structure: Range-bound, with resistance starting at 83,009 overlapping the Fib 0.382–0.5 zone and MA99 (84,008).
② Volume and price: The rebound is on declining volume, while the drop is on rising volume. Turnover over the last 10 candles is only 0.83 times the previous average.
③ Sentiment: The long/short account ratio rose from 1.38 to 1.56, while open interest fell 1.64%. Those who were just liquidated are buying the dip again.
Plan 1 (primary): Consider placing a small short near 83,500 on a rebound, with a stop-loss at 84,700 and a first target of 81,200.
Plan 2 (backup): Consider placing a long around the 80,400 support on a retest, with a stop-loss at 79,500 and a target of 83,000.
Invalidation: If the 4H candle holds above 84,700, that means resistance has been overcome; close the short and admit the trade was wrong. CPI is also due this week, so volatility may increase.
Will 80,400 hold this time?
Sources: The Block, Binance
$BTC #比特币 #TechnicalAnalysis
#BinanceSquare
⚠️ The above is a compilation of information and personal opinion, and does not constitute investment advice. DYOR.
Everyone thinks one round of liquidations is enough to flush the market clean, but $BTC may be different. According to The Block, about $770 million was liquidated across the market in the past 24 hours, including more than $680 million in long positions.
Current situation: Binance quoted 82,476 at 10:04, moving back and forth between 80,217 and 85,826.
① Structure: Range-bound, with resistance starting at 83,009 overlapping the Fib 0.382–0.5 zone and MA99 (84,008).
② Volume and price: The rebound is on declining volume, while the drop is on rising volume. Turnover over the last 10 candles is only 0.83 times the previous average.
③ Sentiment: The long/short account ratio rose from 1.38 to 1.56, while open interest fell 1.64%. Those who were just liquidated are buying the dip again.
Plan 1 (primary): Consider placing a small short near 83,500 on a rebound, with a stop-loss at 84,700 and a first target of 81,200.
Plan 2 (backup): Consider placing a long around the 80,400 support on a retest, with a stop-loss at 79,500 and a target of 83,000.
Invalidation: If the 4H candle holds above 84,700, that means resistance has been overcome; close the short and admit the trade was wrong. CPI is also due this week, so volatility may increase.
Will 80,400 hold this time?
Sources: The Block, Binance
$BTC #比特币 #TechnicalAnalysis
#BinanceSquare
⚠️ The above is a compilation of information and personal opinion, and does not constitute investment advice. DYOR.