Morning market analysis and summary

Hidden worries behind record highs:

Although it successfully hit a record high today, this round of rise is not due to a pure influx of funds, but relies on contract expiration and the accumulation of bull power. This rising model is hardly healthy.

Altcoins underperform:

Altcoins have failed to effectively activate the market and generate a large-scale wealth effect, which means that market demand is rapidly disappearing and funding conditions are becoming tight, highlighting the lack of market driving force.

Hidden crises in the contract market:

In the contract market, a large number of long chips have accumulated in the price range above 100,000, which undoubtedly provides "fuel" for the short-term forces, making it significantly more difficult for prices to rise further in the short term. Unless there is a large inflow of funds when U.S. stocks open, but given that Christmas is approaching, this situation is relatively rare.

Short-term market outlook:

As far as the current price of 105,000 is concerned, the possibility of a correction to around 100,000 in the short term is quite high. However, even after a correction, there is still a probability of breaking through the previous high. The current market sentiment is constantly "torturing" contract funds. Once the flow of funds shows a clear deviation, it is very likely to trigger a large-scale "harvest" phenomenon.

Risk management key points:

In view of the relatively narrow operating space in the current market, investors need to adopt a cautious attitude. For investors who participate in small currency speculation, it is important to accurately set stop loss levels to prevent being locked in at market highs, thereby avoiding huge losses that may be caused by a plunge.