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Number of liquidations surged dramatically to 173,000 in the last 24 hours, with liquidation amounts only increasing slightly to $340 million over the past 24 hours. The geopolitical conflict is essentially the largest panic period in the last decade. From a macro perspective, rate cut expectations remain low for this year. All signs point to a year of severe volatility and market shakeout!
My family member had surgery these past few days, and I spent time accompanying them. Today I officially returned to work. Always remember: cherish every moment, everything is insignificant compared to health. Maintain a good mindset, and remember that you can definitely create the life you want!
The only thing is that before I started accompanying them on Wednesday, I closed out all my contract positions, so I didn't experience this roller coaster. I didn't expect that after not watching the market for a few days, it's already come straight back to the initial surge point. Is the opportunity coming again?
Recently, following the market rhythm correctly has allowed those playing both sides to win big. So if you've been losing continuously, consider changing your trading rhythm and trading habits to adapt to new market movements!
BTC
Support: 65,725 / 63,550 / 59,800
Resistance: 75,475 / 84,000
Current key levels: 67,500 and 70,825. These two levels should be familiar to everyone. Today, focus on the volume-price relationship at these two levels, especially whether 67,500 will break through with volume or if today's intraday bottom will see prices gradually rise and establish a higher low trend.
ETH
Support: 1,945 / 1,835
Resistance: Temporarily 2,225
Current key level: 2,015. If an intraday bottom occurs, watch this level first. Tonight and Monday evening volatility will still be significant. Control your position size and set proper stop losses to seize opportunities.
Remember: what rises fast falls fast, and what falls fast rises equally fast. As long as you stabilize the larger range, any volatility within that range, no matter how fast, is just noise.
Operations: The recent geopolitical conflict is basically that. However, pay attention—during daytime today, everyone must fill up your accounts!
Pricing adjustment at 24:00 tonight with increases of 1.73-1.87 yuan per unit!
Spot traders with existing pending orders should keep them in place waiting to take spot purchases. If you've previously taken positions and reduced them, place new orders to replenish. If you haven't reduced, then no need to replenish!
Only trade futures with controlled position sizes. Don't trade without position control. Current market conditions mean either loss or profit. Set your stop loss and execute, that's all. Since this isn't a one-sided market, don't fantasize about catching a massive single-sided move!
#Gate13周年全球庆典 $BTC $ETH $XAUUSD