Yesterday, the market continued to operate within a range, with prices remaining between 99,500-97,500, and both bulls and bears failed to break through key resistance and support levels. Currently, the coin price is oscillating around 99,200, and the focus will be on the 100,000 integer level pressure. If it cannot effectively break through, it is expected that the market will maintain a volatile pattern.
Chart Analysis: Holder Concentration and Whale Movement
1. Holder Concentration
From the chart, it can be seen that the price is in an upward phase accompanied by a significant increase in holder concentration (green area), indicating strong bullish momentum. However, a phenomenon of fund dispersion occurred later (red area), showing a gradual increase in selling pressure, leading to a price pullback. Therefore, attention should currently be focused on whether the price around 100,000 encounters selling pressure again; if it cannot break through this pressure level, it will likely remain in a volatile consolidation in the short term.
2. Whale Hunter
The second chart shows the inflow and outflow of major funds. The green area represents the inflow of major funds, while the red area represents the outflow. During the recent price rebound, major funds were unable to continue inflowing and instead experienced multiple outflows (the red area expanded), indicating that major players may still be reducing their positions at high levels in the short term. This is consistent with a volatile market, suggesting that it is not suitable to chase high prices in the short term and one should wait for a pullback to look for low entry opportunities.
Short-term trading strategy
• Bitcoin (BTC):
Short at the 99400-99700 area, targeting the 97500-97000 support level.
If the pullback does not continue, one can consider going long, focusing on the breakout situation.
• Ethereum (ETH):
Short at the 3500-3520 area, targeting the 3450-3420 support level. Consider going long only after the support stabilizes.