Family, good afternoon~
The May Day holiday has ended
Data Analysis:
From the current clearing map, based on Bitcoin's current price around $94,500, if Bitcoin drops by $1,500, an estimated total of about $1 billion in long positions could be liquidated. Conversely, if it rises by $1,500, an estimated total of about $1.1 billion in short positions could be liquidated.
Market Opinion:
The overall market is still in a daily level of oscillation and sideways movement, and most altcoins in the rise and fall ranking are also in a sideways trend, which indicates that the market is still relatively quiet, with a predominant sentiment of waiting and observing. Personally, I believe that whether the market can change this week depends on the news front, as the Federal Reserve's interest rate decision and Powell's speech are due this week. Therefore, at this stage, it is still recommended to focus on short-term or swing trading contracts, alternating between long and short positions.
Daily Analysis:
BTC short-term focus on the lower level around 93,500, and the upper level around 95,500
ETH short-term focus on the lower level around 1,780, and the upper level around 1,830
SOL short-term focus on the lower level around 142, and the upper level around 147
Contract Strategy:
BTC is advised to short when it rises to around 95,500\short on rallies
Take profit at 94,500 94,000 93,500 Stop loss at 97,000
Conversely, it is advised to long when it drops to around 93,500\long on dips
Take profit at 94,000 94,500 95,000 Stop loss at 92,000
ETH is advised to short when it rises to around 1,820\short on rallies
Take profit at 1,800 1,790 1,780 Stop loss at 1,850
Conversely, it is advised to long when it drops to around 1,780\long on dips
Take profit at 1,800 1,810 1,820 Stop loss at 1,750
SOL is advised to short when it rises to around 147\short on rallies
Take profit at 145 144 143 Stop loss at 150
Conversely, it is advised to long when it drops to around 143\long on dips
Take profit at 145 146 147 Stop loss around 140
Friendly Reminder:
Mainly use light positions and low leverage, this contract 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 according to personal positions, do not be greedy, secure profits, it’s better to take a small loss than to hold on! If the market direction is correct, you may choose to continue holding.