BTC FREE FALLING TO 78K – LIQUIDITY OR IS IT THE SECOND "SLAP" OF THE WEEK? 📉
The market has just witnessed a powerful "flash crash" as BTC dropped more than 10% in a short time, piercing through all support to reach the 78,000 range. This is a strong warning for those who are too enamored with leverage.
🔍 Quick analysis from CoinQ:
Reason: A large number of Long orders were liquidated en masse (Long Squeeze) creating a snowball effect.
Current support zone: 77,500 - 78,000 is an extremely important contested zone. If we pull back here, we may hope for a technical rebound (Dead Cat Bounce).
Index: RSI has fallen into the oversold region on the H4 timeframe.
🎯 Take action now:
Absolutely do not catch a falling knife: Wait for a stable candle close before considering positions.
Check Margin: Anyone holding positions should immediately review liquidation prices.
Keep a cool head: Panic at this moment leads only to wrong decisions.
The fierce market is when a Trader's resilience speaks. Are you all okay? 👇
