Family, good morning

Waking up to see BTC trends...

Will the market continue to decline?

Data Analysis:

From the current liquidation map with 100x leverage, longs have already been liquidated. If the Bitcoin price drops to around 93600, it is expected that longs will face liquidation of about 340 million USD. If the Bitcoin price rises to around 99900, it is expected that shorts will face liquidation of about 1.19 billion USD.

Daily Analysis:

From the current market trends, the overall market will likely move within the range of 93000-97000 in the short term, Ethereum will likely move within the range of 3350-3500 in the short term, and Solana will likely move within the range of 229-249 in the short term.

Market Viewpoint:

Unless something unexpected happens, the market is expected to correct as scheduled, and from the current view, it has not yet reached the bottom. However, there is no need to panic too much; instead, this is a good thing. For those family members looking to enter the spot market, you can start building positions in batches.

Firstly, in terms of direction, I personally remain bullish. Secondly, focus on where the market will drop to before stopping the decline. Then it’s not hard to find that Ethereum and Ethereum-related assets are currently relatively resilient to drops. However, this is still temporary, as we need to observe the strength of the market correction.

Contract Strategy:

BTC long near 93300, take profit near 95000

ETH long near 3400, take profit near 3480

SOL long near 233, take profit near 244

Friendly Reminder:

1. This strategy is suitable for investors who prefer swing or short-term trading. Please remember to take profits in a timely manner and set stop losses based on personal position sizes. It’s better to take a small loss than to hold onto a losing position!

2. If the market direction is correct, you can choose to continue holding.

3. If you need analysis on other cryptocurrencies, please feel free to leave a message, and I will provide suggestions based on different position situations.