48-hour plunge of 12%! All positions with over 7x leverage cleared, Bitcoin's darkest moment is behind us

Regarding this Bitcoin crash
The core logic is actually still a liquidity issue in the market
Continuous sell-offs, while buying support is clearly insufficient
Forming a typical "liquidity exhaustion" type decline

From the chart, the decline exceeded 12% within 48 hours
Almost all long positions with over 7x leverage have been wiped out
Such sharp drops are often accompanied by spike行情
But looking at it from the other side, a rapid decline in a short period
The worst may have already passed
Even if the market makers still want to continue dumping
The current risk-reward ratio is no longer high

In terms of operation
If you are still chasing shorts, be sure to set a stop-loss
The market could experience a violent rebound at any time
Personally, I believe the fair price of Bitcoin is around 85,000
And for Ethereum, around 2,800

To summarize: liquidity contraction causes a loss of balance between bulls and bears
A quick rebound cannot be ruled out after a sharp decline
The key now is whether funds are willing to flow back in

Catalyst for a violent rebound
Announcement of the Federal Reserve Chair candidate tonight in Beijing time