Bloody night in the market: minus $65 billion ceiling, liquidations of +1 billion dollars. what next
This time it released everyone, not just the long-term players. The white ball dipped below $74,000, rose to $75,600 in the next hour and then dropped back to $74,000.
G.
The total liquidation volume overnight exceeded one billion dollars (half of which was provided by ETH). And this is even more than what was in the strait last Thursday.
what next
BTC has already put together a liquidity cluster of $74.5k and has been consolidating ever since. The only significant immediate range is $76-77.5k.
But, in fact, if you open the chart, you will see for yourself that the buyers have not yet been able to create a convincing rebound or show strength, so against this background the local structure looks quite weak.
Tip for the week: Don't rush into new futures positions. On the nose:
The release of the consumer price index tomorrow.
The US stock market is closed on Wednesday.
Only Thursday and Friday will remain quiet days for trading.
Keep your head and keep calm!