#Strategy加仓BTC $MERL experienced a 17% drop in a single day, and the price is now repeatedly testing the previous key support level, which seems more like a panic sell-off triggered by leveraged liquidation rather than a genuine trend reversal signal.

From the details of the market, although this decline was fierce, it did not lead to follow-up heavy selling. Instead, there are signs of stabilization near the support level. The open interest remains high, indicating that large investors have not completely exited—the typical "high-position holding encountering panic decline but with main players not moving" accumulation characteristic. After quickly flushing out the floating positions, as long as the price can stabilize within this range, and a pattern of gradually raising the lows forms, the rebound energy will quickly gather.

Trading strategy reference:
📍 Entry zone: 0.200-0.208
🔴 Hard stop-loss: 0.185
📈 First target: 0.240
📈 Second target: 0.265

The key is whether the price can hold steady in the current support zone. Once it confirms that the lows are no longer making new lows, the rebound will be more reliable.