Good Saturday

The market reached a new high last night

Will there be a wave of correction?

Data Analysis:

From the current liquidation map data, it indicates that if the market falls to around 74800, it will accumulate a liquidation of $671 million in long positions, conversely, if the market continues to rise to around 77800, it will accumulate a liquidation of $388 million in short positions. Clearly, there are still many long positions, indicating that the market sentiment remains optimistic, which also means that risks are increasing.

Although the market has again reached a new high and liquidated some shorts, it can be seen that there are still many shorts, and as the market slowly rises, many long positions may start to take profits and exit, and even some may short the market, so closely monitor the market's next movements.

Daily Analysis:

The last two times the market reached new highs were gradual, and the fluctuations in the rise were not large. From the current market trend, it seems the market will slightly correct like yesterday, then enter a sideways state. In the short term, the market will likely move within the 75500-77500 range, while Ethereum has recently performed quite well, likely moving within the 2900-3000 range, and Solana has not disappointed, directly breaking above 200 yesterday, likely moving within the 194-205 range in the short term.

Daily Opinion:

Currently, the market is slowly rising, and the fluctuations are not large. At the end of Saturday, it is still in this “high position” followed by sideways fluctuations. It will not change until next week.

I believe there will be a wave of correction in the market, so I would like to remind everyone to pay attention to the market correction, remember. The reason is simple; the short-term positive factors for the market have temporarily run out. Additionally, the market's long positions are heavily weighted, and if a wave of long liquidation does not occur, it will not be favorable for future upward movements. Especially for those who trade contracts, it's crucial to pay attention.

Contract Strategy:

Go long on BTC around 75700, take profit near 76700

Go long on ETH around 2920, take profit near 2960

Go long on SOL around 194, take profit near 200

Warm Reminder:

1. This strategy is suitable for investors who like swing or short-term trading. Please remember to take profits in a timely manner and set stop losses according to your personal positions; better to take small losses than to hold on!

2. If the market direction is correct, you can choose to continue holding.

3. If you need analysis on other cryptocurrencies, please feel free to leave a message, and I will provide suggestions based on different position situations!