🔥 The SHBI hourly chart shows a "Death Cross," with $441 million wiped out in a bloodbath!

Here's a quick summary of key points:

1. 📉 Technical deterioration: SHBI has formed a "Death Cross" on the hourly chart (50-period moving average crossing below the 200-period moving average), a classic short-term bearish signal that usually indicates selling pressure has not yet ended.

2. 💥 Chain liquidation: Last night, the total crypto liquidation across the entire network reached $441 million, with long positions being heavily "sniped." This downward move was mainly driven by cooling market sentiment and the clearing of large leveraged positions.

3. ⚠️ Critical battle: Currently, SHBI is supported around $0.00000571, but the rebound is being suppressed by the hourly 50 MA. If it can't hold this level, new lows may appear; if it can stay above $0.00000596, it might have a chance to breathe.

In summary, the current rebound is still fragile. Short-term traders should keep an eye on support levels and avoid rushing to buy the dip! 🩸#成长值抽奖赢金条 #震荡行情交易策略