#数字货币市场回调 Can we buy the dip now? Let's look at this set of data first.

After continuous declines in Bitcoin, market sentiment has shifted from panic to numbness. However, on-chain data is telling a different story - short sellers have started to step in.

First, let's look at the liquidation situation: in the past 24 hours, long positions have been liquidated for 3.6 billion USD, and the leveraged positions that needed to be cleaned up have basically been cleared. More importantly, the change in the last hour: the liquidation volume of short positions is 9 times that of long positions. What does this mean? Once a rebound starts, the trapped short positions will lead to a cascading liquidation, pushing the price to rise rapidly.

Looking at the capital flow again. The system has detected large buy orders consistently supporting around $84,500, which is not a volume that retail investors can achieve. Institutions are voting with real money.

What should we do now? Here are a few reference points:

$85,000-$85,500 is currently a relatively safe entry range, and you can start building a bottom position. If the price pulls back to $84,200-$84,800, that is an opportunity to increase your position - the stronger the support, the greater the rebound potential.

The stop loss must be set below $83,400. If it falls below here, it indicates a judgment error; one must admit the mistake, as preserving the principal is necessary for a chance to turn things around.

The target levels are twofold: a breakout above $86,500 indicates a reversal of the short-term trend, while holding it can lead to an expectation of a pressure test at $88,000.

The market always belongs to those who dare to act when others hesitate. But remember, any strategy is based on probability, not prophecy. Good risk control is necessary to survive until the next opportunity.