Good morning, family!
BTC has risen again to around 99,000
Can the market effectively break through the 100,000 barrier this time?
Data Analysis:
Based on the current liquidation map with 100x leverage, with the current BTC price around 98,300, if the Bitcoin price drops to around 93,800, the long positions are expected to face liquidation of about 1.165 billion USD. If the Bitcoin price rises to around 100,000, the short positions are expected to face liquidation of about 255 million USD.
Daily Analysis:
From the current market trend, the short-term upper pressure for the market remains at the 100,000 barrier, with support below at around 96,000. ETH is expected to fluctuate in the range of 3,780-4,000 in the short term, while SOL is expected to fluctuate in the range of 224-240.
Market Opinion:
Last night, Powell's speech conveyed to market participants that there will still be a 25 basis point rate cut this month, causing the market to surge in the latter half of the night. Personally, I believe if this month meets market expectations, breaking through the 100,000 barrier will be quite easy, and I think 100,000 is merely the beginning of a new journey for Bitcoin.
I still hold a bullish outlook on the overall market direction. Even if the market pulls back, it presents an opportunity for us to enter spot trading and go long on contracts at lower prices.
Contract Strategy:
Go long on BTC around 96,500, take profit near 98,500.
Go long on ETH around 3,780, take profit near 3,870.
Go long on SOL around 225, take profit near 236.
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-loss orders based on your personal position. It's better to incur a small loss than to hold onto a losing position!
2. If the market direction is correct, you can choose to continue holding. 3. If you need analysis on other cryptocurrencies, feel free to leave a message, and I will provide advice based on different position situations. Family members should know: Market updates and live broadcasts will be provided from Monday to Saturday. There are three live broadcasts a day for real-time spot and contract trading, catering to the needs of different types of family members. Most importantly, all trades are publicly displayed without charging family members a cent.
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