Family, good morning~

It's already the end of Saturday~

Will the market have any action?

Data Analysis:

From the liquidation map, we can see that based on the Bitcoin price around 94300, with 100x leverage, if the market reaches around 98100, an estimated liquidation of short positions will be about 590 million USD, conversely, if the market reaches around 92700, an estimated liquidation of long positions will be about 226 million USD.

Daily Analysis:

Last night the market pulled back, from the current market trend, the overall short-term is entering a slight sideways downtrend. The trends of Bitcoin, Ethereum, and Solana over the weekend are as follows:

BTC 92000-96000   

ETH 3220-3420   

SOL 177-194

Market Opinion:

This month is about to end, however, from the overall market trend, it can be seen that on a larger cycle, the overall market is in a relatively wide range of fluctuations, and currently, foreign markets are still on holiday, in other words, significant market movements will have to wait until after New Year's Day for the market to have big fluctuations.

During this period, in terms of contracts, we are mainly playing swing trades and short-term trades. As for spot trading, we will enter in batches. As for which spots to enter, to be honest, there are quite a few quality altcoins available for purchase, many of which can be bought, but our funds are limited, so family members can filter the top 100 or top 50 market cap altcoins. Of course, cryptocurrencies in popular sectors are also fine; it is recommended to buy the leaders or popular ones in the sector.

I still believe that the overall direction of the market is bullish, so the pullback is a good opportunity for us to enter in batches/increase our holdings in spot trading. If we aim for short-term spot trading, it is recommended to hold until around the Spring Festival, while for mid-term, we can consider holding until March to May next year, taking profits in batches based on the market conditions.

Spot Strategy:

1. Layer 2 Sector

LPT buy in batches around 15, short-term take profit around 27

DYDX buy in batches around 1.44, short-term take profit around 2.6 

Contract Strategy:

BTC go long around 93000, take profit around 95000

ETH go long around 3260, take profit around 3400

SOL go long around 180, take profit around 190

Friendly Reminder:

1. This contract strategy is suitable for investors who prefer swing or short-term trading. Please remember to take profits in time and set stop-losses based on personal positions; it’s better to take small losses than to hold onto losing trades! If the market direction is correct, you can choose to continue holding.