Good morning, family
A new week, a new start~
Will Bitcoin go up or down this week?
Data analysis:
From the current liquidation map with 100x leverage, it is obvious that shorts account for more than longs. If the price of Bitcoin falls to around 95,000, it is expected that longs will face liquidation of about 320 million US dollars. If the price of Bitcoin rises to around 99,600, it is expected that shorts will face liquidation of about 490 million US dollars
The upper resistance is still very large at present, because in terms of heat intensity, it can be seen that there are still many yellow lines above the shorts. At the same time, once it is broken, the liquidation intensity will be very high
This week's analysis:
From the weekly trend, the upper pressure of the market is around 100,000, and the relatively strong support below is around 93,000; Ethereum will be in the range of 3150-3650 this week, and Sol will be in the range of 230-270 this week
Daily analysis:
Yesterday, the market slightly adjusted down, and many cottages adjusted more, but the market is slowly Rebound upwards. From the current daily level, the upper pressure of the market is around 99,000, and the lower support is around 96,000. Ethereum will be in the 3280-3400 range in the short term, and Sol will be in the 240-260 range in the short term.
Market view:
First of all, I am still bullish in the general direction. Even if there is a callback, it is the time for us to build/increase positions, so I am not worried. The only thing we need to pay more attention to is whether there will be a stronger callback.
Secondly, the altcoins have also ushered in a wave of general rises in the past two days. There is a taste of the bull market of altcoins. However, we also saw that the market slightly adjusted down last night, and the altcoins also "ran" quite fast. I personally think that the current wave of altcoins' rise is just a warm-up, a hint, and wait for the real altcoin bull market to start the surge mode later.
Contract strategy:
BTC Long around 97000, stop profit around 98800
ETH Long around 3320, stop profit around 3380
SOL Long around 248, stop profit around 258
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
