Military Advisor Market Analysis: (Issue 94)
First, let’s look at the liquidation chart. The shorts are indeed a bit miserable! !
After a cool day, it fell to 58,900, and it was blown up when I woke up!
Bearish during the day, it has risen so much and needs to step back.
61640 has 224 million long order liquidity, as the first target.

Bitcoin ETF became the main force of yesterday’s pull, with an inflow of 254 million US dollars.
This is really unexpected for me. The day before yesterday, there was a net outflow of 81.1 million US dollars!
I bought so much yesterday, and my confidence soared!
It happened that the ETF was closed on the weekend. According to the current momentum, it will continue to flow in next week.

The short position of the funding rate ended immediately, and the rate began to turn green again.
The holdings increased to 34.2 billion US dollars, and the market began to FOMO again.

Let’s look at the Bitcoin K-line:
The current trend of this period of market, the decline has completed the 1st and 2nd wave patterns.
Is there a 3rd wave of decline? We still have to observe this.
The market reached 63400 and was suppressed by the downward trend line. It fell below 62000 during the day and failed to break through and stabilize, confirming the start of wave 3.
We need to confirm whether the lower high point above is solid.
If the lower high point is solid, there is a high probability that a lower low point will appear next.
The current structural form is a oscillating downward channel.

Operation suggestion: short at highs. As long as there is no new high point, the short position can be a medium-to-long trend. Cut the meat when it breaks through the new high!