Data Analysis:
According to the current liquidation map, there is considerable short selling power in the market. Based on the current Bitcoin price around $105,500, if the market fluctuates up and down by $2,000 and rises again to around $107,500, the estimated cumulative liquidatable short amount is about $1.19 billion. Conversely, if the market drops to around $103,500, the estimated cumulative liquidatable long amount is about $800 million.
Market Viewpoint:
Market Direction: Short-term sideways trend. It can be observed that since last Saturday and Sunday, the overall market has mainly been in a 4H and 1D level of oscillation and sideways movement, while Ethereum and most other altcoins have also shown general volatility; the market is still waiting for a trend change. Therefore, it can be seen that market sentiment is neutral. Personally, I believe that this week the market will mainly experience sideways oscillation because there are many news events this week, and the market remains primarily in a wait-and-see mode. Additionally, it is particularly noted here that for contracts, it is advisable to mainly focus on Bitcoin, while other altcoins should be approached with caution, as the overall liquidity of altcoins is not very sufficient, especially for smaller coins, where if a major player sells off, it can easily lead to a significant drop.
The key news this week focuses on the Federal Reserve's interest rate decision and Powell's speech on Thursday, as well as the developments regarding illegal immigration in the U.S. and the situation in the Middle East.
Daily Analysis:
BTC short-term focus on the downside around 104,000, and the upside around 106,500.
ETH short-term focus on the downside around 2,480, and the upside around 2,580.
SOL short-term focus on the downside around 148, and the upside around 156.
Contract Strategy:
BTC recommended to short near 106,500/upside short.
Take profit at 105,000 104,000 Stop loss at 107,500.
Conversely, recommended to go long around 104,500/downside long.
Take profit at 105,500 106,500 Stop loss at 103,500.
ETH recommended to short near 2,580/upside short.
Take profit at 2,550 2,520 2,480 Stop loss at 2,620.
Conversely, recommended to go long around 2,480/downside long.
Take profit at 2,520 2,550 2,580 Stop loss at 2,450.
SOL recommended to short near 155/upside short.
Take profit at 152 150 148 Stop loss at 158.
Conversely, recommended to go long around 148/downside long.
Take profit at 150 153 155 Stop loss at 145.
