Hello family
It's the end of Saturday again
Will BTC change the trend to bring new market movements?
Data Analysis:
In the current liquidation map we see, the short positions with 100x leverage significantly outnumber the long positions. Currently, the 100x leveraged long positions are mainly concentrated in the 66000-66300 range, while the short positions are primarily distributed across three areas: 67200-67700, 68000-68600, and 68700-69300 (data screenshot at 5:22 AM Beijing time on October 26).
Yesterday, the high-leverage long positions were liquidated in a wave, but that’s not the main point. The question is, has anyone noticed a problem? This week, both long and short positions have been liquidated back and forth. This indicates that the forces of long and short are still in a tug-of-war, and it feels quite even. So we need to consider the question: when will this end? Maybe only the market makers know the answer.
Daily Analysis:
Looking at the current BTC trend, the overall market has entered a daily level of choppy sideways movement. By the end of Saturday, BTC will likely move within the 66000-69000 range, ETH will move within the 2450-2550 range, and SOL will move within the 164-177 range.
Daily Opinion:
Last night BTC surged near 68800 but failed to break through upwards, choosing to pull back again, all the way down to near 66000. I personally believe this indicates that the pressure above BTC is quite significant. Additionally, the bullish sentiment is still quite strong; we can only continue to wash out positions.
At the same time, looking at BTC's trend this week, it is not difficult to find that it has largely been a wide-ranging volatile market with significant fluctuations. Meanwhile, those who are heavily leveraged in long or short positions have been liquidated back and forth.
I believe that according to BTC's current trend, Saturday will also remain in this choppy market condition, and we will have to wait until next week for a trend change, hehe. After all, if this continues, there will be nothing left of the retail investors.
Contract Strategy:
Long BTC near 66200, take profit around 68000. Conversely, short near 69000, take profit around 67000.
Long ETH near 2450, take profit around 2530. Conversely, short near 2550, take profit around 2450.
Long SOL near 165, take profit around 175. Conversely, short near 177, take profit around 167.
