2025.7.24 9:32 AM BTC/ETH market analysis

Wow, this evening the market had 4.2 billion CNY, with 199,474 people going bankrupt to zero! This is the largest single-day liquidation amount in nearly a month, it's truly tragic!
BTC remains strong as long as it doesn't break 117280. On the other hand, the altcoins have experienced a deeper correction, with the lowest point for the second coin dropping to 3527, which is a rapid fall below and a recovery to the median line of 3545. This is the aggressive position at 3545 that was mentioned before the broadcast ended last night for those who are in a short position. Many small altcoins have lost their gains from the past month in just one night. Those with proper positioning won't be afraid, but those with larger positions will definitely feel anxious! This further proves the importance of position size!
BTC attention
Support 116411/112000
No pressure
The market is generally down, but when I woke up, BTC had returned to 119,000. The main reason for the losses last night was not in BTC, but due to inertia in thinking; many people are still crazily trading small altcoins!
ETH attention
Support 3486/3339
Pressure temporarily set at 3723
Today before 18:30, ETH can be shorted boldly at 1% within the range of 3515-3535!
In terms of operations: Just before going to bed last night, there was a wave of surge reaching 3649, which didn't run and didn't hit our second low absorption point at 3486. After waking up, there is still an opportunity to run. After leaving the market, we can patiently wait for an intraday pullback. In short, when the market is unstable, maintaining a light position is not a problem at all. DOGE hit 0.25 last night and immediately started to drop. I hope all partners with large positions have reduced their holdings, and those with small positions have either set small stop losses or exited at breakeven. This was the core operation for DOGE yesterday!
This evening once again highlighted the importance of position size. The reason for today's large liquidation data is simply because of the lack of position control. Therefore, we should be more resolute in our position management. Only in this way can we survive longer, rather than losing all the profits and principal of the past month due to a single market fluctuation and subsequent correction!
#GateLive# #GT#