Hello, everyone
Last night, CPI helped BTC hit a new high
So can the market continue to hit new highs next?
Data analysis:
Although CPI met market expectations last night, BTC hit a new high again and pulled out the shorts, but then it pulled back to liquidate a wave of longs, forming a double explosion of longs and shorts
From the current liquidation map, it can be seen that when the market pulls back to around 85,400, it is expected that about 640 million US dollars of longs will be liquidated. If the market reaches around 94,300, it is expected that about 750 million US dollars of shorts will be liquidated. It can be seen that the current market volatility is still very large
Daily analysis:
From the current market trend, the market has entered a wide range of fluctuations, and the overall short-term will be around 86 000-92000 range, but Ethereum can't keep up with the market trend, it feels a bit slow, in the short term it will be in the 3050-3250 range, SOL will be in the 200-220 range
Daily View:
From the beginning of the month to now, there have been important news such as Trump's successful election as the next US president, the Federal Reserve's interest rate decision, and last night's CPI data, which are all particularly important good news, pushing BTC out of the super unilateral market and repeatedly hitting new highs
Then we have to think about a question, from now to the end of the month, there is no other important news affecting the market, can the market continue to rise and set new highs? Or will the market begin to return to normal market rules in the second half of the month, start to pull back and then enter consolidation?
Contract strategy:
BTC long around 87000, stop profit around 91000
ETH long around 3100, stop profit around 3220
SOL long around 200, stop profit around 220
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 the 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.
Follow-up trading: Whether you are spot trading or contract trading, if you want to follow the order, please search for "Stranger Hero" on the platform, one-click follow-up, no need to watch the market, easy and convenient!