Oh my gosh...
Waking up and looking at BTC, I thought I was seeing things
I never expected BTC to be close to breaking $90,000...
Data Analysis:
From the current liquidation map data, it indicates a severe imbalance in the long-short ratio. As the market price reaches $79,854, the cumulative liquidation strength of high leverage longs has reached nearly $2.2 billion, while when the price reaches $90,220, the liquidation strength of high leverage shorts is only about $160 million. This indicates many issues; the shorts have already run out of ammunition, and no one is taking short positions anymore, and some have even turned to long positions. There is basically no resistance above for the longs.
Daily Analysis:
Given the current strong rally in the market, breaking $90,000 is just a matter of time; maybe it will go up shortly. At this speed, it looks like it’s preparing to rush towards $100,000.
From the current market trend, the short-term support is around $86,000, with no resistance above. It all depends on the strength of the market makers' rally. ETH will likely move in the range of $3,250-$3,400 in the short term, while SOL will likely move in the range of $210-$230.
Daily Opinion:
I suppose I don’t need to say much; in just one night, the market is close to breaking $90,000, and I am just as surprised. The market is like a dog in the primary market, surging upwards, refreshing everyone’s outlook. Given the current market strength, I strongly advise against going short; it is very easy to get trapped or be caught in a wave.
At the same time, regarding the market's explosive surge, according to news, yesterday, the trading volume of the American spot Bitcoin ETF reached $4.47 billion, with FBTC exceeding $1 billion, BITB and ARKB each at $245 million, and asset management company Bernstein urging investors to "quickly" increase their investments in Bitcoin and cryptocurrencies, etc.
Contract Strategy:
Long BTC around $86,000, take profit near $90,000.
Long ETH around $3,280, take profit near $3,400.
Long SOL around $215, take profit near $230.
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 losses according to your personal position. It's better to take a small loss than to hold on!
2. If the market direction is correct, you can choose to continue holding.
