BTC fell $3300 in one day! Is now the time to buy at a low price after nearly $600 million of liquidation?

BTC surged to $84352 in early trading, then fell all the way to $81034, with a intraday drop of over $3300, and has now rebounded to $82223. ETH fell to a low of $2409, SOL fell to $101.69, and mainstream currencies collectively plunged. According to data, within 24 hours, the total online liquidation was about 489-600 million US dollars, with long positions accounting for 80% -85%. The long short ratio of Binance BTC remains at 1.57, indicating that leveraged long positions are still crowded and the market has not yet completed risk release. It fell $3300, can we take it now? Let's take a look at $82545 first. Previously, there were multiple million dollar sell orders ranging from $82490 to $82545. If the price breaks through again and stabilizes, it indicates that short-term buying has the ability to digest selling pressure, and the next step is to observe the previous high of $84352. Take another look at $81034. This is the low point of this round of decline. If there is another retracement and holding, accompanied by a rebound in trading volume, the low-level acceptance signal will be strengthened; If it falls directly below, be alert to a new round of stop loss and leverage liquidation. There is also a potential pressure: according to on chain tracking data, the US government has recently transferred approximately $1.542 billion worth of BTC and WBTC to Coinbase Prime. Transferring money does not mean selling, but subsequent movements may still affect market sentiment. Low price does not mean low risk. Whether $81034 can hold and $82545 can break through will be the two key clues to determine whether an effective rebound can occur after this round of decline. Risk Warning: The views, conclusions, and recommendations presented in this article are for reference only and do not constitute investment advice. The market is risky, and investment needs to be cautious.