Hello, everyone
The market has slightly adjusted down
Is there a risk of a big correction?
Data analysis:
From the current liquidation map, it can be seen that when the market adjusts to around 86,300, it is expected that about 212 million US dollars of high-multiple longs will be liquidated. If the market reaches around 92,700, it is expected that about 670 million US dollars of high-multiple shorts will be liquidated
Since a wave of longs has been liquidated in the second half of last night, it can be clearly seen that the current short-selling ratio has increased, and it is necessary to pay attention to the strength of the market's continued decline
Daily analysis:
From the current market trend, the overall daily level of the market is still in a wide range. The overall market will fluctuate in the range of 86000-92000 in the short term. Ethereum will move in the range of 3000-3250 in the short term. SOL is still in the daily sideways trend in the short term, and will move in the range of 200-225.
Daily Views:
My view on the market remains unchanged. The long-term bullish trend is still there. At present, there is no important positive news. It is normal for the market to pull back. After all, only with a pullback can we prepare for the next rise. We need to pay attention to the strength of the market's pullback, because each pullback is relatively strong, which is our opportunity to enter the market.
Contract strategy:
BTC is long near 86500 and stop profit near 90000.
ETH is long near 3050 and stop profit near 3180.
SOL is long near 205 and stop profit near 218.
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 loss according to your personal position. It is better to make a small loss than to hold an order!
2. If the market direction is correct, you can choose to continue holding.
3. If you need to analyze other currencies, please leave a message at any time. I will give suggestions based on different positions.
