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BTC Daily Market Analysis
Market 24-Hour Liquidation Data:
According to CoinGlass data, the total number of liquidations across the network in the past 24 hours reached 95,129 people, with a total liquidation amount of approximately $314 million (of which long liquidations accounted for approximately 82%, and short liquidations accounted for approximately 18%).
Technical Analysis:
Currently we are seeing the market attempt to test the MA200 moving average. Based on the trend, there is a high probability it will follow the most logical scenario, as I previously predicted, with a bearish bias. Of course, since today is still Sunday, the market may not experience significant volatility, but as the new trading week begins, we are likely to see the price quickly drop to the lower end of the consolidation range.
Market Outlook:
The current trend is essentially as described. Therefore, I anticipate that the market will test the $65,668 level again in the coming days. Currently, the cost-performance ratio of betting on a rebound and going long does not appear attractive.