After three consecutive days of decline, countless Get Liquidated, where is the bottom?

More than 300,000 people have been Get Liquidated again, with a total Get Liquidated amount exceeding 7 billion, which will definitely lead to a continuous three-day market crash, just like a meat grinder. So where is the bottom next? When will it be safer? #USUAL和MOVE逆跌上漲，你看好嗎？ #與動態一起迎聖誕 does not constitute any investment advice.
There are several reasons for this plunge. The Fed said it is not allowed to hold BitBite and has no intention of seeking a change in the law. Then there is a need to close out a large number of profits in the early stage, and it is not ruled out that the big players are targeting small retail investors to get liquidated. Finally, there is the biggest pain point at the end of December, pressing up and unable to rise.
Is this drop deep? It's okay. The last pullback was from 73777 to 49000, which was really scary. Now it has only pulled back 13%. As for what you said about altcoins collapsing, they also collapsed last time.
To sum up, there will be technical analysis later:
As for Bitget: Currently falling to around 95000, there is currently no signal of stabilization. It is not suitable to open positions in the midst of violent fluctuations. Buying spot at a low point is still okay.
Must be safe and square: it has dropped to around 640, retraced 21%, still quite strong, after all, it is considered mainstream, for those who do quantitative trading in spot, it is quite comfortable. When it rises back, it's all profit.
On the Thai side: it dropped to about 3250 at the lowest point, very weak. After this rise, we need to adjust our strategy. Fortunately, there are institutional ETFs buying, otherwise it would be even more bottomless. Anyway, many institutions are holding it, buying on the dip.
Regarding the 枸 Coin: I don't want to cover this, although I also observe it, but this thing is definitely a fake mainstream. It's better to buy Tesla stock than to buy it. After all, Lao Ma has to shout for more coins now, can't always milk one.
Next is the technical analysis:
1. From the perspective of Bitby's K-line, it has been falling for three consecutive days. The four-hour line did not rise today. If the daily line closes in the evening, it will be three consecutive falls. It is not suitable for both long and short positions. In the midst of violent ups and downs, it is not suitable to open orders. If you have spot goods in hand, just watch the show. There are still bullets. Buy a little bit on the dips, don't think it is impossible to fall more than 20%.
2. Greed and panic index observation: currently 74, belongs to greed, 1 less than yesterday, at least proving that everyone still believes in the bull.
3. Bitget perpetual contract funding rate is 0.0046%, which is lower than BitThai's 0.073%. Bitget has dropped compared to yesterday, while BitThai is similar to yesterday. Short positions continue to increase. Many people may think that it's time to go long, but it's not stable yet.
4. The biggest pain point of options to be observed in the next 3 months: It will be between 96000-100000 in the next three days, getting closer and closer to December 27th, which actually makes sense and confirms the reason for the decline.
5. Spot ETFS On December 18th, 6706 coins were flowed out by Bitbuy institutions, with no outflow from BlackRock, and 16,200 coins were flowed out by institutions in Thailand, which is a clear decline. It is normal for a significant decline in panic, and the amount of selling is not exaggerated.
6. Looking at the RSI, Bitget has dropped into the strong zone on a weekly basis, returned to neutral within 24 hours, and Thai Fang has returned to neutral on a weekly basis, also entering a weak phase within 24 hours, with selling pressure greatly reduced.
7. From the escape index, it is currently in the middle position, and the escape danger is at a moderate level.
8. The BitPick Index is currently falling to 1.44. It's not worth hoarding coins now. You can start building positions in small batches if it falls further.
Overall judgment: Neither Bitcoin nor the broader market has held steady. If you have already been liquidated at this point, it only proves that your risk management capabilities are lacking. Currently, it is not a time where opportunities outweigh risks; it can only be said that opportunities and risks are relatively equal. If you still have ammunition in your position, whether it's spot or mainstream, there is no need to panic, it will bounce back. If you have been liquidated multiple times, be sure to reassess and understand the logic before making further decisions.
#BTC