#比特币2026年行情展望 $MERL this wave of market action is quite fierce. The volume surged and broke down directly, coupled with high open interest, clearly indicating that the bulls are being wiped out—this is not a healthy technical correction, but rather a liquidation stampede.

The trading opportunity appears to be as follows:
📌 Short strategy
📍 Entry range: 0.210～0.215
🛑 Stop loss set at 0.230 (if this line breaks, it indicates a structural reversal, exit the position)
🎯 First target: 0.185
🎯 Second target: 0.165

$MERL's decline vividly illustrates the issue—an unresisted plunge, over 10% drop accompanied by massive trading volume, with the underlying logic being liquidation triggers. The high-level open contracts became fuel for the decline, and buying momentum shows almost no signs of follow-through. Even when a rebound occurs on lower timeframes, it looks quite fragile. As long as the price remains firmly below 0.215, breaking downward through resistance is the least likely scenario—this is the most natural market movement at the moment.