Yesterday, everyone in the group was shouting to break 70,000, and today, 65,000 dollars has been directly broken, the whole network suddenly calmed down.
Some people in the circle are busy cutting losses, some are scared to look at the charts, and some are excitedly shouting, "The golden pit is here, let's buy at the bottom with all our funds."
But I advise you to calm down first. If you check the recent on-chain data, you will find: the most terrifying thing about this drop is not the breaking of the 65,000 integer barrier, but another fatal signal that everyone has collectively ignored.
（The illustration shows AiCoin member data analysis）
The real life-and-death test of the market has actually just begun.
🛑 Why is this drop a bit different?
We need to first understand where the "average cost" of buying coins is this past week.
According to AiCoin data, in the past 7 days, a massive amount of funds has accumulated around 65,745 dollars. In other words, the "life-and-death line" for most short-term traders, retail investors, and even institutions in the whole network is here.
A few days ago, when the price was above this number, everyone was making money, and the group was full of joy, with no one wanting to sell. This afternoon, the price plummeted beneath 65,000.
This is serious. Those who were making money are now watching their profits evaporate or even start losing money; those who were confidently bullish are starting to feel uneasy. What was originally a "hard bottom" that everyone was defending has now directly turned into a "ceiling" pressing down on everyone.
When it comes to trading, it's all about mindset; once the cost zone is broken, the confidence of the bulls has already begun to crumble.
🎯 Stop looking at 65k, focus on these two numbers!
Since it has already dropped, where do we look next?
Don't guess 63,000 or 62,000; those are just wild guesses. The last remaining "life-preserver" for the bulls across the whole network is in the narrow range of 65,215 - 64,935 dollars.
In simple terms, why can this place save lives?
1. Someone is supporting the bottom: On the exchange’s order book, there are dense buy orders here, indicating that the main capital still wants to struggle here.
2. The liquidation line is here: Many people who took out high-leverage long positions have their liquidation lines firmly pressed here.
If we compare this place to the last wall of the bulls, then the cliff is right behind that wall. In the next few days, both sides will clash here fiercely.
⚡ Next, there are two scenarios:
Do not blindly try to catch falling knives. As retail investors, wait until the main force reveals their cards before we follow.
The upcoming scenarios are quite simple, just two:
Scenario A: It holds (the most ideal situation)
If the price stabilizes in the 65,215 - 64,935 range and the selling pressure cannot push it down further, this indicates that the main force has successfully defended the price and has also "cleaned out" those speculators who opened high-leverage positions. The vehicle has become lighter, and the price will most likely bounce back and attempt to break 65,745 again. If it re-establishes above that, the danger is averted.
Scenario B: It breaks (hold tight)
If 64,935 is severely broken and it cannot recover within a few hours, then definitely avoid picking it up! Because the chip chart shows that below 65,000 is a barren "cliff" with hardly any buy orders. Once it breaks down, it will instantly trigger a chain liquidation of long positions at high levels, compounded by panic selling, and the price will plummet like a rolling snowball.
No matter how the market moves, at such extreme turning points, it is advisable for everyone to keep a close eye on the main force's orders and liquidation data, and do not blindly hold your position with your own capital. Especially for friends who like to play with high leverage or short-term swings, remember to check the fee rates on your platform before trading.
If you haven't registered on a mainstream exchange yet, you can click the link below to register on Binance and set up your account. You can save a lot on trading fees for spot and contracts, and make sure your principal doesn't get eaten away by fees before the market turns around.
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✍️ Conclusion
It is not scary that 65,000 dollars has fallen, what is scary is that after it drops, no one is willing to pay to catch it.
In the next 48 hours, don't look at anything else, keep a close eye on 65,215 - 64,935. If this holds, there is hope for the market; if it breaks through, manage your wallet, watch the show first, and do not rush to be the cannon fodder of the main force.
Join our community, let's discuss and become stronger together!
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Risk warning: This content is only a market observation sharing and does not constitute investment advice. The cryptocurrency market is highly volatile, please participate within your own risk tolerance.
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