Has the signal for Bitcoin breaking out appeared? Does everyone think it will drop to 70,000 USD?
Currently, $BTC is forming a bearish flag, breaking the key support of 93,000 on Monday. This means that if the daily close cannot pull back, the decline could reach 67,000.
Looking at the data: In the past day, over 650 million USD in long positions have been liquidated, and this chain liquidation will accelerate the decline due to expectations of interest rate hikes by the Bank of Japan.
90,000 is the watershed: a significant drop below that level sees 86,000, and a direct breach tests 80,000 USD.
In the current high-leverage market, please respect the trend and wait for the market to give a clear signal.
There are opportunities in the market, provided you are present. If you feel you cannot stand firm in tonight's big market movement, you can join Sister Rong's chat room to unlock more related knowledge and keep up with the strategy.
