#BTC资金流动性 BTC has been repeatedly fluctuating above 87000, directly sliding down over 1000 points from the high of 88700. It started to turn down after rushing to 90500, and the long positions are clearly losing momentum, with market sell orders continuously coming in. This is the true portrayal of why it can't rise in the short term.
Looking at the 4-hour chart, a standard M-shaped pattern has formed. The first line of defense below is at 86500 on the 24-hour chart. If this level cannot hold, the price will likely continue to test the previous low near 84400, and the bearish signals from a technical perspective are already quite clear.
Operation suggestion: Short in the range of 88100-88700, with a target below looking at the range of 87000-85500. $ETH
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NFTRegretDiary
· 8h ago
It's a hassle again. I didn't follow up on that wave at 88700, and now the short positions are indeed clear.
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BitcoinDaddy
· 8h ago
Is the M-shaped pattern coming again? I'm tired of hearing this argument. Every time they say if we can't hold 86500, it's game over, and what happened in the end?
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LiquidityNinja
· 8h ago
88700 couldn't hold again, it's always like this, feels like the long positions are really out of steam.
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SilentAlpha
· 8h ago
Oh no, it's this routine again, those who bought high will have to cut losses again.
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If the M shape breaks 86500, I'll short all the way down, since I can't make money, I can't lose more either.
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Shorting at 88700? It's a bit late, brother, should have shorted at 90000.
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I really feel that 84400 won't hold on this wave, it's going to crash even more then.
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The long positions really have no hope, just looking at it makes me uncomfortable.
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You're right, the sell orders are indeed coming in continuously, and retail investors are still buying the dip.
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Entering the market now is simply giving away vegetables, let's wait until it breaks.
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OnchainDetective
· 8h ago
Wait, I need to track the flow of this capital. The drop from 88700 to 87000, according to on-chain data, shows that large investors are clearly escaping at high levels, a typical dumping signal. The M-shaped trend is obvious behind this — someone is lying in ambush to catch a falling knife from retail investors.
#BTC资金流动性 BTC has been repeatedly fluctuating above 87000, directly sliding down over 1000 points from the high of 88700. It started to turn down after rushing to 90500, and the long positions are clearly losing momentum, with market sell orders continuously coming in. This is the true portrayal of why it can't rise in the short term.
Looking at the 4-hour chart, a standard M-shaped pattern has formed. The first line of defense below is at 86500 on the 24-hour chart. If this level cannot hold, the price will likely continue to test the previous low near 84400, and the bearish signals from a technical perspective are already quite clear.
Operation suggestion: Short in the range of 88100-88700, with a target below looking at the range of 87000-85500. $ETH