Military Advisor's Market Analysis: (Issue 123)
Review of the Liquidation Chart: Yesterday I said that there is still short liquidity at 77800 that has not been liquidated, and it has just reached 78000!
Let's take a look at today's liquidation chart. In the current situation, the shorts are constantly losing money and adding positions, and the leverage has been reached. The current liquidity has reached 78300/78500. The end of the increase is the position where the shorts are liquidated. If the shorts keep losing money and adding positions, the real selling is at 80,000, and 79500 should be the ultimate position.
Bitcoin K-line: Thinking review The upper oscillation range is getting smaller and smaller, the top price is slowing down, and the upward trend line is in danger. Go to the limit to see 77800, and look down to 72500, and be prepared for range oscillation.
At present, the K-line has reached the top, and the long-short game is very fierce. If the price is to fall back, the shorts must be cleared.
The trading strategy is to go short. There is no point in going long at this position. Divide the position into 3-5 lots, add one lot every time a new high is broken, and you can always bring it down slowly.
Bitcoin ETF: All inflows slowed down last Friday. It was all emotional trading with buying and selling. It is predicted that other ETFs will have selling orders next week. There is no good expectation for the future, and the probability of a market correction is increasing.
Holdings: The latest 47.3 billion, the total network holdings have reached 90.3 billion US dollars, and the altcoin holdings are larger than Bitcoin holdings. The market has fallen into madness, brothers must control their hands!