The FOMC meeting on the 29th concluded, and the market played out a "short squeeze" scenario. In 24 hours, the entire network saw liquidations totaling $386 million, with shorts at $246 million and longs only $140 million, over 86,000 people forced out. Many traders chased shorts around 80,000, collectively harvested by the pre-decision rebound, completing a major reshuffle of chips.
Specifically, BTC was around 80,565 at midnight, barely holding the 80,000 level. The area from 81,700 to 82,800 is an extremely heavy short liquidation zone, prone to triggering a stampede to cover; below 79,300 is the long buying defense line. The tough battle is at both 81,700 and 79,300. ETH was around 2,334, with 2,300 as the key battleground between bulls and bears, and below 2,280 lies about 200 million in long liquidations; breaking 2,170 would be directly exposed. SOL was the weakest at around 101, with 100 as the psychological bottom line, down nearly 5% in the past week, lacking volume in the rebound, and all moving averages suppressing from above.
My view: This round of short liquidations indicates a brief emotional reverse stampede but does not mean a trend reversal. BTC's 81,700 and ETH's 2,280 are more critical to watch than 80,000 and 2,300 — the former is the short squeeze confirmation level, the latter the long collapse trigger. The FOMC holding steady has been priced in; the real variables are the upcoming PCE and GDP data. Strategically, do not chase shorts or longs; wait for BTC to close confirming at 81,700 or 79,300 before deciding direction. Leverage must be kept within 5x, prioritizing capital preservation over rushing ahead. #10月FOMC利率决议即将公布
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