深潮TechFlow
深潮TechFlow|Sep 12, 2026 14:01
[Analyst: Bitcoin's repeated testing of previous lows may be a leverage washout for longs, potentially leading to an upward breakout] Deep Tide TechFlow reports that on September 12, analyst KillaXBT stated that despite Bitcoin's short-term price continuing to fluctuate, its recent movements have repeatedly broken previous lows, triggering stop-losses and liquidations for longs. The market's primary objective seems to be clearing out long positions. He believes that repeatedly sweeping the lows can reduce market leverage while gradually weakening investors' confidence in going long, leading traders to form the expectation that 'breaking previous lows will result in further declines.' Under such circumstances, the final downward sweep could instead become a local bottom, followed by a price expansion back toward previous highs. However, this perspective is based on trading structure analysis and is not a definitive price prediction.
Share To

HotFlash

APP

X

Telegram

Facebook

Reddit

CopyLink

Hot Reads