Friday Market Analysis
Will the market continue to rise today?
How should we conduct trading operations?
Data Analysis:
From the liquidation map, we can see that based on the Bitcoin price around 97000, with 100x leverage, if the market reaches around 98700, it is expected to liquidate short positions of approximately 261 million USD; conversely, if the market reaches around 93500, it is expected to liquidate long positions of approximately 654 million USD.
If the market fluctuates up and down by 2000 USD based on around 97000, then according to the current trend, it is very likely to liquidate the existing short positions in one wave. Please be aware of the risks. Conversely, if the market adjusts to around 95000, then long positions also face approximately 360 million USD in liquidation.
Daily Analysis:
From the current market trend,
In the short term, it is expected to move within the range of 95000-99000.
In the short term, Ethereum is expected to move within the range of 3350-3550.
Market Perspective:
Currently, the overall rebound of the market is quite good, and as the market continues to rise, market sentiment will also become more optimistic. The key focus is still on where this wave of market rebound will go and when it can effectively break through and stabilize at 100,000 USD, or will it continue to move within a large range of fluctuation? We will have to observe as we go.
Personally, I believe that as the overseas holidays come to an end, the overall market will slowly become more active from a relatively quiet state, and the market's volatility will also increase. The overall direction remains bullish.
Contract Strategy:
BTC Long around 96500, take profit around 98000.
ETH Long around 3400, take profit around 3530.
Friendly Reminder:
1. This contract strategy is suitable for investors who like swing or short-term trading.
The Ethereum long position shared yesterday perfectly reached the take profit point.
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