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BTC Daily Market Analysis
Past 24 hours liquidation data from CoinGlass: A total of 120,506 traders were liquidated, with a total liquidation amount of $597.23 million (29% long / 71% short). Amid the noise of news, the shorts were directly taken out.
Market Analysis:
The price quickly rebounded to around $70k and is currently testing the upper boundary of the current sideways range. Iran was not attacked. Trump’s high-profile comments about the “most terrifying night” were all talk and manipulation. Overall, nothing unexpected.
My View:
There’s no fundamental reason to directly push above $80k at the moment. In the next few days, it’s likely to return to the lower end of this boring sideways range.
But there’s one subtle point. Almost no one in the market believes it will truly break through. Everyone is waiting for a dip. And this sentiment might actually be the perfect setup for the big players to harvest profits—suddenly surging to wipe out all short stops and then sharply reversing. Stay alert, manage risk, and don’t blindly chase trades!
BTC Short-term Reference Entry Points: 74,800–75,800
Long-term Reference Entry Points: 70,800–70,400