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BTC continues to break new highs

But how long can this phenomenon of continuous new highs last?

Data Analysis:

From the current liquidation map, it can be seen that in the high-leverage long and short ratio, the market still holds an optimistic sentiment towards BTC. When the market dips to around 90600, the liquidation of high-leverage longs is expected to be about 1.245 billion USD. If the market reaches around 95700, the liquidation of high-leverage shorts is expected to be about 620 million USD;

Daily Analysis:

From the current market trend, the overall market will likely move within the range of 93000-95500 in the short term, while ETH will move within the range of 3000-3160, and SOL will move within the range of 230-245 in the short term.

Market Viewpoint:

BTC still stands out in the market, continuously reaching new highs. Is it really on the fast track to 100k? As for other cryptocurrencies, they generally cannot keep up with the pace of the market's rise. If the market slightly pulls back, altcoins will definitely pull back even faster and more significantly, so we must always remain rational and be aware of the risk of market pullbacks.

Regarding this phenomenon, I personally think it is quite normal. The main reason is that Bitcoin is favored and focused on by more financial institutions, large international companies, and countries, all of which are gradually entering the market and buying in batches as a reserve of digital gold. Naturally, this leads to rising prices. Moreover, with the continued increase in Bitcoin's popularity attracting capital, and given that the entire cryptocurrency industry has limited funds, this results in a delayed bull market for altcoins.

We need to wait for Bitcoin's popularity to cool down before funds can flow back into altcoins, marking the arrival of the altcoin season. As for when altcoins will start to rise, we can only observe as we go along.

Contract Strategy:

Go long on BTC around 93200, take profit around 94500

Go long on ETH around 3030, take profit around 3100

Go long on SOL around 231, take profit around 240

Friendly Reminder:

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

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 advice based on different position circumstances.