Did anyone execute the orders from a few days ago?
Most made a profit, with 5 winning trades and 1 losing trade, followed by replenishing with skirts.
Publicly Not Followed in Real Time
1. Chip Concentration Ratio:
• Recently, there has been a clear concentration of chips, but it began to disperse afterwards, indicating that some capital chose to take profits at high levels, resulting in increasing pressure.
• Especially after the recent price rebound, the dispersion of chips shows a lack of confidence in capital, leaning towards wait-and-see or sell-off in the market.
2. Whale Positions:
• The changes in whale positions have been significant. There was previously capital entering (green area), but there has also been considerable sell-off (red area) afterwards.
• This means that major players remain cautious about the market outlook, which may lead to more short-term volatility.
• Daily Level: Recent trends have been weak with clear pressure above, and it is not advisable to be overly bullish in the short term.
• 4-Hour Level: The price has not returned after breaking key support, and there may still be a downward test of support in the short term. The main operation should be to short in line with the trend.
Summary and Reminder
Overall, the current market sentiment is relatively cautious, with insufficient rebound momentum, and bears remain dominant. It is recommended to be cautious when chasing highs, prioritizing short positions at high levels. If the market suddenly strengthens, adjust strategies flexibly. Also, manage positions and risks well to avoid being affected by significant volatility.
Operation Suggestions
• BTC: Current market sentiment is bearish. It is recommended to short in the 96300-96500 range, initially looking at support near 94500. If it breaks below, continue to monitor 93000. If there are no further signs of downward movement, consider a reverse short-term long operation.
• ETH: Affected by the overall market, Ethereum's trend is also weak. It is recommended to short in the 3350-3380 range, with a target of 3280-3250.$BTC