Hello, family members
Last night, the US government suddenly transferred nearly 20,000 bitcoins
What is the purpose of this move? What impact will it have on the market?
Data analysis:
From the current liquidation map with 100x leverage, based on the current BTC price of around 95,800, if the Bitcoin price falls to around 94,000, it is estimated that longs will face liquidation of about $620 million. If the Bitcoin price rises to around 98,700, it is estimated that shorts will face liquidation of about $610 million.
Daily analysis:
From the current market trend, the market is still in a state of oscillation and sideways trading at the daily level. In the short term, it will be in the range of 94,000-98,500. Ethereum will be in the range of 3550-3730 in the short term. SOL will be in the range of 220-238 in the short term.
Market view:
I believe everyone has known that the US government suddenly transferred 19,800 bitcoins to the platform last night, causing panic in the market and affecting the market to pull back again. I personally think that whether the US government is preparing to sell or just entrusting the platform to manage, the general direction of the market is still bullish, because if the US government sells, the market will just pull back for a period of time and then continue to move upward. If it is just entrusted management, it will slowly move upward.
Secondly, the market is still optimistic about the overall trend of the market, and trading is also the most active period in the bull market. Even if it causes an impact, it is only a short-term impact, which will take some time to digest. At the same time, the short-term correction of the market will provide more buying opportunities. In short, the general direction of the market is still bullish.
Contract strategy:
BTC is long near 95,000 and the stop profit is near 98,000.
ETH is long near 3,590 and the stop profit is near 3,700.
SOL is long near 223 and the stop profit is near 235.
Warm reminder:
1. This strategy is suitable for investors who like swing or short-term trading. Please remember to make profits in time and set stop losses according to your personal positions. It is better to make a small loss than to hold a single order!
2. If the market direction is correct, you can choose to continue holding.
3. If you need to analyze other currencies, please leave a message at any time, and I will give suggestions based on different positions.
Finally, please support me by giving me a thumbs up and following me, so that you won’t get lost in the cryptocurrency circle. The experienced driver will take you to the highway!
