#比特币反弹 Recrudescence of the liquidation wave in the crypto circle: $400 million in settlements, market re-enters a weak zone, how far can Bitcoin fall in this wave?

In the past 24 hours, the crypto market has experienced intense volatility again. The total liquidation amount for 143,800 people reached as high as $410 million. Price levels: Bitcoin dipped to a low of $73,669, Ethereum briefly fell to around $2,250. Meanwhile, the RAVE project collapsed, hacking incidents occurred frequently,
directly disrupting the recently recovering altcoin rally, and market sentiment cooled again. This is not a single-point decline but a structural weakening.
1. BTC: Rebound more like an opportunity than a reversal
From a trend structure perspective, Bitcoin is currently in a very typical phase: two consecutive days of bearish candles on the daily chart with obvious long upper shadows, showing weak rebounds and clear resistance.
The bearish outlook hinted around $78,000 has now played out a good move.
How to understand the current structure?
This round of movement is essentially: "Fake breakout → Transition to consolidation → Continued decline" whether it’s a triangle false breakout or the channel structure that has evolved,
the core remains unchanged: the trend is still downward.
Key levels
Resistance above: $78,000 – $81,000
Support below: $73,500 (already weakening)
If the price rebounds to the resistance zone, it is more likely to face resistance and fall back rather than trend reversal.
Short-term approach
Currently, do not emotionally chase short positions, but you can: consider participating if it rebounds to the resistance zone.
During the decline, only do short-term rebounds, avoid fighting the trend.
One point to pay special attention to: in a downtrend, "support" is more just a brief pause, not a reversal signal.
2. ETH: Structure has weakened, focus on resistance for rebounds
Ethereum’s current situation is more direct: it has broken below the ascending channel, with clear signs of weakening on the daily chart.
In the short term: 1-hour level shows rebound demand but overall remains in a downtrend.
Key levels
Rebound resistance: $2,350 – $2,380
Support below: $2,250 → $2,220 range
If it breaks below $2,250, the next support will most likely be near the middle Bollinger band on the daily chart or in the mid-cycle moving averages. The short-term logic remains:
observe resistance during rebounds, not chase the rally.
3. BNB: Short-term recovery, but the major trend remains unchanged
After continuous decline, BNB shows signs of short-term recovery (similar to a bullish wedge pattern). But it’s important to clarify: the daily chart has shown phase top signals. The current rebound is more like a "technical correction"; if it rebounds to the key resistance zone, caution is still needed for further weakness.
4. Altcoin sector: Sentiment damaged, divergence intensifies
Recently, the core issue in the altcoin market is not the rise or fall but the destruction of confidence. Project collapses (like RAVE), frequent security incidents, and declining risk appetite for funds lead to a result:
overall weakness, but some structural opportunities remain locally.
Some observation points:
CHZ driven by news, relatively independent structure, stronger, more suitable for waiting for a pullback before participating, not chasing highs.
SUPER shows a double-top-like structure with selling pressure at the top beginning to appear, leaning more towards oscillation weakening.
AKE’s triangle convergence structure with narrowing fluctuations, watch for direction choice (upward or downward breakout).
CRCL oscillates clearly within a range, support below still intact, short-term more like sideways consolidation rather than a trend.
5. The core of the current market
To sum up the current market in one sentence: downward trend + fragile sentiment + increased volatility. In this environment, frequent trading ≠ high returns; emotional trading ≈ high risk of losses. The two most common mistakes at this stage are:
mistaking rebounds for reversals,
overtrading in a weak market.
The truly effective strategy is actually very simple:
wait for key levels,
act on high-probability setups,
manage market positions.
There are always opportunities, but not every fluctuation is worth participating in.