Family, good morning
A new week, a new beginning~
Is the 'bull market' for altcoins about to arrive?
Data Analysis:
From the current liquidation map with 100x leverage, based on the current BTC price around 97500, if the Bitcoin price drops to around 94900, it is estimated that bulls will face liquidation of about 550 million dollars, and if the Bitcoin price rises to around 98800, it is estimated that bears will face liquidation of about 330 million dollars; at the same time, the greed index indicates that the overall market is still in a state of extreme greed.
Weekly Analysis:
This week, I still hold a bullish view. The overall market will move in the range of 94000-100000 this week, Ethereum will move in the range of 3530-4000, and SOL will move in the range of 228-260. For this week's news, just pay attention to the non-farm payroll data.
Daily Analysis:
From the current market trend, the overall market is still in a daily-level sideways consolidation, and in the short term, it will move in the range of 95500-98800. Ethereum will temporarily move in the range of 3660-3850, and SOL will move in the range of 233-245 in the short term.
Market Viewpoint:
Although the overall market is in a sideways state, we can see that many mainstream coins have started to gradually move up, especially when the market pulls back, many altcoins do not pull back much, indicating that the bull market for altcoins is about to kick off.
Furthermore, looking at Ethereum and Ethereum-related coins, we can see from the comparative trends that Ethereum has recently been in an independent trend, and I believe this is just the beginning. There will be larger movements in the future. Additionally, if Ethereum continues to maintain this trend, not only will Ethereum-related coins rise, but it will also accelerate the launch of the altcoin season.
Contract Strategy:
BTC long around 96300, take profit around 98300.
ETH long around 3680, take profit around 3740.
SOL long around 235, take profit around 243.
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 position; better to take a small loss than to hold a losing position!
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