Master's Market Analysis: (Issue 158)

Let's take a look at the liquidation chart: last night saw a direct surge in short positions, the master was previously inclined to first liquidate the long positions at 91500 before moving up, and indeed the market has a strong bearish sentiment.

89000/85000/83000 are all possible levels, even down to 79000, but currently, this does not seem likely unless there is a black swan event later.

Our liquidation targets are upward at 99600/101000.

Bitcoin K-line: The significant rise last night with that large bullish candle was indeed unexpected, and the master currently cannot make sense of it without basis. Yesterday, institutions sold a lot of ETF. Besides the futures driving up to liquidate short contracts, I can't think of any reason; if it really wants to rise, it must stabilize above 100,000 and break through 103,000.

The market was very weak yesterday, and the sudden surge at night did not give me much sense of security. Personally, I feel there is a high probability of being misled, and it might return the same way.

Bitcoin ETF: Yesterday, there was a net outflow of 340 million USD, and BlackRock sold 190 million... This part the master has mentioned before, naturally, bonuses need to be distributed during the New Year, both individuals and companies need to celebrate, continuous selling will have to wait until after the New Year. By the end of the month, foreigners will be enjoying their New Year.

Ethereum ETF: Yesterday, there was a net inflow of 54.5 million USD. From the two ETF charts, I believe everyone can see the issue clearly; institutions are optimistic about the future appreciation of Ethereum.

Basically, there is very little selling, just follow the institutions' lead; the more it drops, the more you buy and hold onto it; the next wave of highs can reach 4800 without much problem.

Summary: The recent market has not yet established a trend; the bottom position is confirmed. If the spot price drops, buy it; be cautious with contracts, especially high-leverage contracts, and it's not impossible for altcoins to drop further by tens.