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Bitcoin plunges at midnight! Losing the $74,500 level, $400 million liquidation scene! Are you still holding steady?
Last night, Bitcoin resembled a roller coaster ride, as the U.S. military attacked southern Iran, and the White House denied reaching a memorandum of understanding with Iran, causing dual negative news that triggered market panic late at night. BTC briefly fell below $74,500, with a total network liquidation of up to $407 million in 24 hours, nearly 100k traders forced to liquidate.
This situation is very much like a "cat with its tail stepped on," with panicked traders selling off in all directions. Calm investors are quietly observing: Is demand still strong? Can technical support hold?
From a technical perspective, support still exists around $74,000; a short-term breakdown could trigger a chain reaction of declines, but the overall trend still depends on macroeconomic conditions and geopolitical developments.
Strategically, aggressive traders can buy the dip at key support levels with small positions, while conservative traders continue to hold, waiting for market sentiment to stabilize.
How have your recent trades been? Were you liquidated? Feel free to share your strategies and see who survives the midnight roller coaster. #24h加密合约清算破4亿美元