Good morning, family!
The favorable news for BTC this week has been released.
Can the market continue to rise?
Data Analysis:
From the current liquidation map with 100x leverage, based on the current Bitcoin price around 101200, if the market pulls back again to around 94800, it will face a liquidation intensity of about 1.181 billion USD. If the market price reaches around 102800, it will face a liquidation intensity of about 292 million USD.
Daily Analysis:
As the CPI data last night met market expectations, it helped BTC rise again. From the current market trend, the overall market will likely move between 99500-103000 in the short term, ETH will likely move between 3750-3950, and SOL will likely move between 220-235.
Market Viewpoint:
After last night's market rise, a wave of shorts has been liquidated, and the ratio of longs to shorts is currently severely unbalanced. Personally, I think that according to previous market trends, a pullback liquidation of longs is likely to occur again, leading to a double explosion of longs and shorts. Therefore, the focus will be on whether the shorts will continue to increase or if the longs will take profits. If the shorts do not increase, then the liquidation concentration zone will be the market's short-term pullback liquidation of longs. We need to pay attention to the risks!
Contract Strategy:
Go long on BTC around 99500, take profit near 101000.
Go long on ETH around 3780, take profit near 3920.
Go long on SOL around 224, take profit near 234.
Kind Reminder:
1. This strategy is suitable for investors who like 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 a small loss than to hold a losing position!
2. If the market direction is correct, you can choose to hold.
3. If you need analysis on other cryptocurrencies, please feel free to leave a message, and I will provide suggestions based on different position situations.
Family Reminder:
1. Market updates and live streams will be provided from Monday to Saturday, with 3 live streams a day for real-time spot and contract trading, catering to different types of family members' needs. The most important thing is that all trades are publicly verified, and I do not charge family members a cent!
2. Finally, please support me by liking and following; don't get lost in the crypto world, veteran drivers will take you to the fast lane!
