130,000 liquidations in 24 hours, while we continue to profit!

From a technical perspective: BTC reached our predetermined long position of around 93,000 (the lowest was 93,327, just 300 points short, entered manually) and then started to rally. The basis for this judgment was that it was at the end of a 30-minute downtrend segment, just waiting for a lower divergence below 93,440 to enter; and the bottom around 93,000 is the price that institutions protect, this pullback was within the expected range, and the upward trend remains intact;

Overall, we are still in a high-level consolidation zone. Although the bottom is gradually rising, the upside movement is limited. Here, a deep correction is easily possible. I am optimistic about whether it will rise again after the correction, but I expect that 106,000 may be the top before starting a bearish trend;

From the capital inflow situation: On May 6, Bitcoin spot ETF had a net outflow of 85 million USD. The slight outflow from the spot Bitcoin ETF seems to be a small portion of funds hedging against the Fed's interest rate decision and Powell's speech later that night. Institutions are temporarily stable, but some funds are showing divergence; in the short term, Bitcoin has the potential for a surge, but the upward momentum is limited (as of May 3, the probability of the Fed not lowering interest rates in May is 100%, and in June is 63%, which is an increase compared to the previous probability for June);

On May 8 at 2 PM, the Fed's interest rate decision and Powell's speech are expected to cause significant market fluctuations. Everyone should try small positions and set proper stop losses; although the US and China have started negotiations, this is merely a superficial reason for the recent surge, and no actual results have been achieved. It is expected that a good outcome will not be reached in the short term; it is just a break for two parties that just fought. As for ETH's upgrade, it is a positive factor, but the ETH/BTC exchange rate is still at a historical bottom and should be treated cautiously.

BTC:

Long position strategy: Once above 96,100, target 98,800. (This is considered a chasing high position, recommended with caution, may not enter.)

Short position: As mentioned earlier in the article, at 98,800, 99,500, and 100,600, these three levels, it is recommended to enter in batches to avoid missing out. Stop loss at 101,000, small stop loss.

Yesterday's profitable trades can take out a portion for the next trade's stop loss, very comfortable, the snowball is getting bigger and bigger~~~