BTC Daily Market Analysis



Past 24 hours liquidation data from CoinGlass:
A total of 72,942 traders were liquidated, with a total liquidation amount of $61.2 million (48% long positions / 52% short positions). The market is currently quiet, with both longs and shorts liquidated, but the momentum is limited.

Market Analysis:
A typical boring weekend market. Volatility is basically flat. Price remains oscillating near the lower end of the range. I don’t expect much movement before the new week begins; the market is essentially sleeping right now.

My View:
The main trend still strongly favors the bears. I expect a sharp sell-off when the market opens on Monday. But at the same time, be cautious of classic market maker manipulation: they might first push the price up slightly to induce longs, then trigger a bloody crash. Manage your risk well, and let’s see what Monday brings!
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