It's not the spot that is driving the market, but the contracts (short covering, liquidation, stop-loss).
Short-term shorts from the past three months no longer exist.
Moving forward, until the premium recovers to a high level, I will not be bullish anymore; I will wait until the premium recovers before continuing to be bullish.
There’s no fuel, and no oil; unless the Americans are willing to buy the spot, this wave is temporarily coming to an end.
The short liquidity has officially been fully liquidated!
The funding rate has risen across the board, and the rates for most futures trading pairs have returned to 0.01%. This indicates that in the past two months, the shorts with a significantly high average leverage have already stopped loss and been liquidated in this rapid market surge.
The area of short liquidation above has not yet formed a large accumulation, making it unsuitable to continue being bullish; it still needs some time to gradually gather!
In the short term, a period of oscillation and correction is needed to attract more and more shorts to enter the market.
Currently, if the rate of long positions increases and surpasses the shorts, it will be difficult for the price to maintain a strong upward trend. Instead, it will likely revert to the previous pattern of a brief rise followed by oscillation, correcting to clear the longs before rising again.
Psychological expectations ultimately need to be reflected in the rhythm and the market. For those who want to keep up with the operations, follow the captain and charge forward!
Three consecutive victories, Auntie Big Cake has made 6700u.
Just after it came out, it started to rebound. In this kind of back-and-forth fluctuating market, if you can't keep up with the rhythm, you're going to get hit.
BTC currently does not seem ready for an upward breakout!
In recent days, the net inflow of US ETF institutions has been decreasing, indicating no intention to initiate an upward breakout;
The order book's buy orders are slightly decreasing, but sell orders are also decreasing, and the selling pressure is gradually being consumed;
The daily lower-level candlestick chart shows a divergence between volume and price, indicating that funds are relatively cautious;
Summary: If there can be a volume increase and rise in the next two to three days, a breakout may be possible; otherwise, a decline and adjustment may occur again.
Ethereum stands out alone, securing 50 points in profit!
During this period, the market has been sluggish, but the swing trades have maintained a continuous winning streak without any losses. The captain is the king of swing trading.
The entire market is at a relatively high level, with limited upward potential; however, there is generally still support at the internal levels.
From the weekly trend perspective, the potential divergence at this level has persisted for 7 weeks, and it will continue to exist in the coming weeks. One should not have too many expectations for an upward movement, mainly focusing on preventing a downside dip.
From the 1H to 4H range, the trend generally shows a breakout pullback, especially noticeable at levels below 1H. Considering that the current pullback is occurring in the structural high point area formed during nearly 40 days of sideways movement, the upward movement will not last. We must be vigilant about a potential decline from the current position.
Summary: The probability of a difficult rise at a large level and a likely decline at a smaller level is high.
The large pancake quickly rebounded after testing 107,000 twice, but each time it attempted to break the 110,000 mark, it faced resistance and fell back. Currently, it is overall trapped in a high-level fluctuation and adjustment. In this kind of market, short-term trading can actually make it easier to seize opportunities.
Today's trend is slowly climbing, with the hourly chart showing five consecutive positive candles. This pattern of a slow decline followed by a sudden spike to unload is most likely to catch people off guard. Regardless of bullish or bearish positions, one should never chase prices upwards or downwards; once the expected profits are obtained, decisively take them to secure gains. Knowing when to stop is essential to protect profits.
Do not short at high positions, work ten more years.
With the stablecoin bill + big beautiful bill buffs stacked without breaking, and without significant real benefits, don’t expect to see new highs every day.
The rebound target mentioned by Big Pancake two days ago has been reached.
Due to the U.S. stock market being closed for three consecutive days, Big Pancake has been consolidating at high levels, accumulating significant short liquidity. The current rebound is more about clearing the liquidity in the futures market.
As I have said before, compared to the space above 110,000, I prefer the cost-effectiveness of a pullback, as the pressure above 110,000 is too strong.
Considering the ongoing uncertainty regarding tariffs, which continues to exert pressure on the market, the overall strategy still maintains a focus on shorting during rebounds. Short-term participation requires attention to rhythm and risk control.
Directly short at 109,100, looking down at 107,200 and 105,500.
Black Friday, weak decline, after adjustments throughout the night, the price finally rebounded to around 108,000.
After hitting support in the early morning, a normal rebound occurred, and our long positions are also making a small profit. Currently, the price is fluctuating around 108,100, and the market's long-short ratio clearly shows that there are too many people shorting, making it difficult for the market to drop sharply.
The current highest rebound can reach 108,500-108,900, which is also a good position for shorting, with the lower target looking at 107,200 and 105,500.