In the past 12 hours, the Bitcoin market has experienced a fierce liquidation. Data shows that long positions were liquidated for a total of $40.66 million, while short positions were only liquidated for $1.2 million. The scale of long liquidations is 33.8 times that of shorts, causing high-leverage traders to be wiped out instantly, and market sentiment has clearly shifted to caution.

On the technical side, BTC price has broken below the long-term moving average EMA99, a key support level that has been tested multiple times and now has been effectively breached. Meanwhile, the RSI indicator has reached 74.3, indicating an obvious extreme overbought condition. This combination of signals has often preceded significant corrections in history.

Interestingly, AI monitoring data simultaneously captured two seemingly contradictory signals: "main force fleeing" and "abnormal capital inflow," suggesting that market participants are currently highly divided, and large funds may be engaging in a confrontation over directional choices.

Traders should be cautious, as after such sharp declines, there are often rebounds that may lead to the misconception that the bottom has been reached. However, these rebounds are often just bait, and the real risk may still be ahead. In the short term, attention should be paid to key levels at 87,000, 86,000, and 84,500, as these positions could become focal points for subsequent battles.

In the current environment of high volatility, trading strategies should be more cautious, only participating in opportunities with higher win rates and reasonable risk-reward ratios.