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00:46
Michael van de Poppe: Bitcoin needs to hold the $71,000 support level
Michael van de Poppe, founder of MN Trading Capital, posted on X stating that Bitcoin is currently at a critical price level. If the $71,000 support is broken, it could further retrace to below $65,000. He pointed out that the 200-day moving average is near $61,000, and dropping further makes no sense, as it never leads to good outcomes in any market cycle. He also mentioned that the current market structure is different from the decline in February, when range resistance failed to convert into support.
00:34
Data: If BTC falls below $70,301, the total long liquidation volume on major CEXs will reach $712 million.
According to ChainCatcher, citing Coinglass data, if BTC falls below $70,301, the total long liquidation amount on major CEXs will reach $712 million. Conversely, if BTC breaks above $77,065, the total short liquidation amount on major CEXs will reach $691 million.
00:34
Data: If ETH falls below $1,924, the cumulative long liquidation volume on major CEXs will reach $543 millions
ChainCatcher news: According to Coinglass data, if ETH falls below $1,924, the cumulative long liquidation intensity on major CEXs will reach $543 million. Conversely, if ETH breaks above $2,113, the cumulative short liquidation intensity on major CEXs will reach $520 million.
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