After a night of bullish and bearish battles, BTC and ETH are basically in a state of equilibrium. As of now, the market has a total liquidation of approximately $635 million, with 148,544 contract positions wiped out, indicating both longs and shorts have been liquidated.
Yesterday until early morning, trading opportunities appeared frequently—there were two good entry points during the day, and another one in the early hours, but most people probably missed them due to sleep. Interestingly, after waking up, the price had returned near the opening level. For friends who closed their positions during the price pullback last night, there was basically no loss. This market movement feels like a carefully designed trap.
Last night, when BTC retraced to around 88165, it was a good long entry point, then surged toward 90000, but later the price dropped to a low of 87205. This level exactly hit the risk zone of 87350 break mentioned in previous analysis. The price then rebounded, following the planned rhythm. From sharp rise to sharp fall, the entire process was within expected fluctuations.
ETH did not dip to the 2830 level this time; the bulls remained relatively strong, following BTC’s trend and providing more long opportunities.
**Trading Strategy**: The rapid rise and fall in the early morning signals a potential market reversal. Manage your positions carefully, control your pace, and this wave could have yielded several profit opportunities. During extreme market conditions, a stable trading system and good mental state are the most valuable assets. Continue sticking to your trading plan this year, and I believe more opportunities will arise to improve your asset growth system.
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RugpullAlertOfficer
· 01-22 03:54
A slaughterhouse worth $635 million, the sleep tax really can't hold up anymore
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IntrovertMetaverse
· 01-22 03:54
It's another artificially manipulated market, woke up to find I've been hammered by the overnight行情 again.
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DeFiCaffeinator
· 01-22 03:54
It's another trap set up intentionally. I was just wondering why nothing has changed when I wake up.
View OriginalReply0
UncleWhale
· 01-22 03:38
Another night of explosive orders, $635 million just disappeared like that, truly incredible
After a night of bullish and bearish battles, BTC and ETH are basically in a state of equilibrium. As of now, the market has a total liquidation of approximately $635 million, with 148,544 contract positions wiped out, indicating both longs and shorts have been liquidated.
Yesterday until early morning, trading opportunities appeared frequently—there were two good entry points during the day, and another one in the early hours, but most people probably missed them due to sleep. Interestingly, after waking up, the price had returned near the opening level. For friends who closed their positions during the price pullback last night, there was basically no loss. This market movement feels like a carefully designed trap.
**BTC Technical Analysis**:
- Support levels: 87350-87850 / 86670 / 83960
- Resistance level: 94225
Last night, when BTC retraced to around 88165, it was a good long entry point, then surged toward 90000, but later the price dropped to a low of 87205. This level exactly hit the risk zone of 87350 break mentioned in previous analysis. The price then rebounded, following the planned rhythm. From sharp rise to sharp fall, the entire process was within expected fluctuations.
**ETH Technical Analysis**:
- Support levels: 2830 / 2749
- Resistance level: 3170
ETH did not dip to the 2830 level this time; the bulls remained relatively strong, following BTC’s trend and providing more long opportunities.
**Trading Strategy**: The rapid rise and fall in the early morning signals a potential market reversal. Manage your positions carefully, control your pace, and this wave could have yielded several profit opportunities. During extreme market conditions, a stable trading system and good mental state are the most valuable assets. Continue sticking to your trading plan this year, and I believe more opportunities will arise to improve your asset growth system.