BTC Daily Market Analysis

Past 24 hours liquidation data:
According to CoinGlass, a total of 103,536 traders were liquidated, with a total liquidation amount of $183.94 million (33% long positions, 66% short positions). This time, those impatient shorts who bet early that the market would keep falling were ruthlessly stopped out.

Market analysis:
We saw a technical rebound, with the price reaching around $73,000, then starting a boring sideways consolidation at that level. Sellers reacted very aggressively, preventing the price from moving higher. Overall, the market shows no positive sentiment. Honestly, everyone is fed up with the Eastern European geopolitical conflicts; the charts no longer respond to these empty words and loud declarations.

My view:
In my opinion, resistance levels will not be effectively broken, and the market will firmly enter a retracement phase. The main scenario I see now is: first a dip back to around $70,000, then further decline to $65,000. Altcoins will continue to free-fall under this script, completely wiping out the small gains they previously tried to achieve. Currently, market makers are continuing this frustrating sideways consolidation, pushing market sentiment into deep depression, which is very reasonable. Let’s stay calm and operate according to plan!