Yesterday, BTC experienced a rapid decline, reaching a low of around 68,000, which cleared out leveraged long positions at high levels. Data shows that the total amount of liquidation in the past 24 hours reached 284 million dollars, with the majority being long positions at 230 million dollars, dealing a blow to the excited high-chasers!

There were too many long positions, causing the market to be overloaded, which is not conducive to the breakthrough of the market. Ultimately, the market chose to break the long positions. From the perspective of the structure of the K-line, the market situation has not deteriorated. It is still in a period of oscillation at the 30-minute level, and there is a strong potential to grow into a nine-stage upgrade center. As the saying goes, the longer the oscillation, the greater the eruptive energy. This oscillation process is actually a fierce game between the bulls and bears in this range. Whether it is the bulls consuming the bears or the bears consuming the bulls, ultimately one side will defeat the other to choose the direction.

Looking directly at the 30-minute chart, it is clear that the market has been oscillating around the yellow center since March 26, almost a week. The future direction will depend on whether there will be a "buy three" or "sell three". Considering the current position and structure of various levels, this account tends to have a higher probability of breaking through upwards, which means the high probability drawn in the chart will be upgraded to a nine-stage upgrade center and then break through upwards.

As for operational suggestions, the current trend is the eighth stage upwards. When a range-enclosed structure appears within the ninth stage downwards, it will form a buying point for the center of the ninth stage, and it is advisable to bet on an upward departure segment, with 68,000 points as the defensive point.

If you are interested in the K-line theory and want to obtain learning materials for free, watch public live broadcasts, participate in offline K-line training camps, improve your trading skills with K-line theory, and build your own trading system to achieve a stable profit goal, use K-line theory to timely escape the peak and bottom. You can scan the code to follow the public account below, chat privately to obtain and add this account's WeChat to join the group for learning!

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