Good morning, everyone!~
Last night, BTC broke through 108,000 and quickly pulled back down.
Will the Federal Reserve's interest rate decision tonight help the market rise quickly in the early hours?
Data Analysis:
Based on the latest liquidation map with 100x leverage, with the current Bitcoin price around 105,900, if the market pulls back again to around 104,700, it will face a liquidation intensity of about 370 million USD. If the market price reaches around 109,300, shorts will face a liquidation intensity of about 510 million USD.
Daily Analysis:
From the current market trend, the short-term overall will move within the range of 105,000-107,500, ETH will short-term overall move within the range of 3,830-3,950, and SOL will short-term overall move within the range of 220-230.
Market View:
Last night, the market quickly broke through around 108,300, first liquidating a wave of shorts, then quickly pulled back to liquidate a wave of longs, forming a double explosion situation for both bulls and bears. Personally, I think it is quite understandable, after all, there are still many people going long, liquidating a wave of longs can better prepare for the Federal Reserve's interest rate decision later tonight.
Currently, the market expects the Federal Reserve to lower interest rates by 25 basis points this month, and as for the data results, we will wait for the official announcement.
I personally believe that if the rate cut meets market expectations, after another rise, it will likely end. As for whether Bitcoin can break through 110,000 USD, we can only wait and see. As Christmas approaches, and with foreign markets entering their New Year, overall market fluctuations will decrease. We will see more fluctuations continue next month.
Spot Strategy:
1. Payment Sector
Buy XLM in batches around 0.43, with a short-term take profit around 0.55.
Buy XRP in batches around 2.52, with a short-term take profit around 3.
Contract Strategy:
Go long BTC around 105,800, with a take profit around 107,000.
Go long ETH around 3,850, with a take profit around 3,950.
Go long SOL around 221, with a take profit around 228.
Friendly Reminder:
1. This contract strategy is suitable for investors who enjoy swing trading or short-term trading. Please remember to take profits in a timely manner and set stop losses based on personal positions. It’s better to take a small loss than to hold a losing position! If the market direction is correct, you can choose to hold on.
2. This spot strategy is suitable for short-term spot trading; there are many quality altcoins among the various altcoins, but not all can be sorted out, so only popular sectors can be recommended.
