Brothers, BTC has plummeted directly from 64500 back to 62000, and the support at 62000 has briefly failed. This retracement is not an ordinary fluctuation adjustment; the market structure has quietly changed.

First, let's look at the real data on the chain. The current price of the coin is hovering between 61500 and 62400, having dropped 2.8% in 24 hours, and the scale of long positions being liquidated in the market has reached 310 million dollars. What is most alarming is that long-term holders (LTH) are selling off in large quantities, with an average daily loss selling amount of 280 million dollars. This selling pressure has already set a new record since the FTX crash in 2022, with the proportion of long-term holders selling at a loss soaring from 15% to 43%. Most of these positions entered at high prices earlier, and after holding for several months, they finally chose to exit. The market capitulation selling pressure has appeared, but the panic sentiment has not completely cleared.

Now at the 61000 line, it is completely a tug-of-war between long and short funds. On the short side, there are several layers of suppression logic: the geopolitical situation between the U.S. and Iran remains tense, oil prices have stabilized above 75 dollars, continuously suppressing the overall sentiment for risk assets. Additionally, there is continuous large selling pressure from long-term holders. After the short-term technical breakdown below 62000, funds are now pushing against the crucial lifeline at 61000. However, the bulls have not completely withdrawn, as spot ETFs are experiencing the first sustained capital inflow in eight weeks, with a cumulative net inflow of 510 million dollars over three consecutive days. The iShares Bitcoin Trust (IBIT) alone had an inflow of 54.8 million dollars in one day, clearly indicating that institutional capital is quietly accumulating at low levels.

Key price levels on the chart must be remembered. The first core support in the short term is located at 61000-61100, with 60800 as a buffer support below, and 60000 as the psychological bottom line firmly defended by the bulls. The resistance above is concentrated in the dense moving average zone between 62900 and 63200, with 63500-63750 being a strong pressure area. Based on the current fund flow rhythm, the market will likely see slight grinding around 62200-62500 before testing the 61550 or even 61000 level again. Once the 61000 level is effectively broken, the previously agreed-upon iron-clad support at sixty thousand will cease to exist.

Currently, there is no rush to enter trades. It is best to stay out and wait for a clear direction around 61000 before taking action. If a long lower shadow or an engulfing bullish candle forms around 61000, a light long position can be attempted, with a stop loss set at 60500, targeting a rebound to 62500 to 63000. If the price rebounds to the 62900-63200 range and shows clear stagnation under pressure, a light short position can also be considered, with a stop loss set at 63800, targeting the range of 61000-61500 below.

61000 is just the dividing line in the tug-of-war between bulls and bears; it is far from being the endpoint of the market. On one hand, long-term holders are panic selling, while on the other hand, institutional ETFs continue to accumulate positions. These two forces are hedging and pulling against each other here, and the final direction will be reflected on the K-line. There is no need to rush into a trade; patiently waiting for a voluminous K-line to give a clear signal before entering will be much more prudent.

The same AAVE swing trade, yet different traders have completely different trading experiences! |

Many people wonder why some can consistently earn from swing trades. In fact, it is not purely luck with the market; the core lies in planning a comprehensive operation plan in advance, clearly defining entry, defense, and exit strategies, with each step having clear references.

Many traders have reflected after reviewing their trades that it used to be hard for them to hold onto a complete market, frequently taking small stops to exit. However, now, by following a clear rhythm, they successfully grasp the swing space. These real feedbacks confirm one truth: having standardized trading logic, coupled with stable execution, will naturally lead to positive returns.

Trading is essentially a long-term practice; there is no need to rush for immediate profits. The most feared is acting without a method or blindly following trends. Finding a trading rhythm that suits oneself, strictly adhering to risk control rules, will naturally yield positive feedback over time.

Hard-earned insights, thumbs up and share, and follow for the latest operational strategies.③: Daniu4416

This market review does not constitute investment advice. Cryptocurrency is highly volatile, and contract trading carries high risks. Please manage your positions responsibly.

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