Hello family
A new week, a new beginning
Last night the market hit a new high again
Data Analysis:
From the current clearing map data, it indicates that if the market falls to around 75700, approximately 1.1 billion dollars are waiting to be cleared. Conversely, if the market rises again to around 81700, nearly 500 million dollars will be cleared.
At the same time, from the current long-short ratio, the overall long positions are greater than the short positions, indicating that market sentiment remains optimistic. However, it should be noted that even in a bull market, we need to be cautious about the risk of the market retracing and clearing a wave of long positions before rising again.
Weekly Analysis:
This week, pay close attention to the release of US CPI data, as it will significantly impact the market trend. Personally, I still hold a bullish view for the market this week, but there might be a substantial retracement, which is quite simple: the market cannot only rise without falling; this is the law of the market.
At the same time, altcoins are also starting to gain momentum, so keep an eye on them, especially the meme and AI sectors.
The overall market this week will range between 75000-85000, Ethereum will range between 2850-3750, and Solana will range between 180-250.
Daily Analysis:
Last night, late in the night, the market hit a new high again, and it was also a scene of shorts being cleared once more. From the current market trend, the overall market will range between 78500-82000, Ethereum will range between 3050-3280, and Solana will range between 200-220.
Daily Opinion:
On Sunday, the market continued to rise and kept hitting new highs without much retracement. My first impression is panic because a one-way market is emerging, which is rather to prepare for the upcoming retracement to clear long positions. After all, the market is currently booming, and the sentiment among traders has begun to become blind and irrational, driven solely by impulse, which can be seen as a test of human greed.
I believe a healthy bullish trend has a good price rising channel. If it only rises without falling, then one can only say that something abnormal must be going on. I suggest everyone should always remain rational and calmly approach the market.
Contract Strategy:
BTC Long around 78800, take profit around 81000
ETH Long around 3120, take profit around 3220
SOL Long around 202, take profit around 212
