Good morning, family members
A new week, a new start
Want to know the market trend this week and today?
Data analysis:
From the current liquidation map, it can be seen that when the market pulls back to around 88,400, it is expected that the liquidation of high-multiple longs is about 273 million US dollars. If the market reaches around 92,400, it is expected that the liquidation of high-multiple shorts is about 428 million US dollars
Obviously, the current shorts are almost 1 times more than the longs, but even so, the market sentiment is still in an extremely greedy state, indicating that the market bullish sentiment is still continuing. It is also because there is no positive news. Will there be a relatively large risk of a correction? We still have to pay more attention.
This week's analysis:
From the current market situation, the overall market will be in the range of 86,000-93,500 this week, Ethereum will be in the range of 2,850-3,350 this week, and Sol will be in the range of 210-260 this week
Daily analysis:
From the current market trend From the trend, the overall market will be in the range of 88000-91500, Ethereum will be in the range of 3000-3150, Sol will perform well overall and will soon break a new high. In the short term, it will be in the range of 230-240.
Market view:
Last week, the overall market was in a wide range of fluctuations, and the overall volatility was still relatively large. Ethereum obviously showed signs of not keeping up with the market. As for Sol, it performed well. As long as the market does not experience a large correction, according to the current trend, I think Sol will easily break a new high this week.
At the same time, it was said last week that there is no news that can affect the market trend, because several important news in the first half of the month have pushed the market to continue to set new highs. Now until the end of the month, will the market have a relatively large correction and return to normal market conditions?
I think the market will enter a relatively normal sideways market, because in a bull market, as long as there is no black swan or sudden event that can affect the market trend, even if the market pulls back, it will be limited
Contract strategy:
BTC long around 89,000, stop profit around 91,000
ETH long around 3,050, stop profit around 3,120
SOL long around 230, stop profit around 240
Warm reminder
1. This strategy is suitable for investors who like swing or short-term trading. Please remember to make profits in time and set stop losses according to your personal positions. It is better to make a small loss than to hold a single order!
