BTC Daily Market Analysis

Market Liquidation Data in the Past 24 Hours:
CoinGlass data shows that in the past 24 hours, a total of 81,410 traders were "liquidated," with a total liquidation amount of $236.67 million (approximately 47% long positions and 53% short positions).

Market Analysis:
We are still dealing with this endless sideways consolidation. Currently, there has been a partial pullback, supported by the $72,000 level. All signs indicate that this dull stalemate will last at least until Monday, when the new week begins. To give you a sense of the trading volume at this level: this is one of the most densely traded zones in Bitcoin's history. Breaking through this area will be extremely difficult.

My Opinion:
Honestly, I really don’t understand where everyone’s optimism is coming from. As for me, I see no reason to overturn the bearish trend. The current market situation is identical to what I warned about five months ago when I predicted the start of a bear cycle. According to my calculations, we will face another 8 to 12 months of brutal bear market, during which we will experience 5 to 7 severe and painful corrections. Take off your "long position filter," protect your principal, and always trade in accordance with the trend!