According to the current liquidation map, the market is dominated by bearish forces. Based on the current Bitcoin price around $104,600, if the market fluctuates by $2,000 up or down, rising again to around $106,600, it is estimated that the cumulative liquidatable short amount will be approximately $1.47 billion. Conversely, if the market drops to around $102,600, it is estimated that the cumulative liquidatable long amount will be approximately $1.08 billion.
The net fund outflow amount of Bitcoin spot ETF yesterday was $214 million, and the net fund outflow amount of Ethereum spot ETF yesterday was $5.4 million.
Market View:
Market Direction: Bearish in the short term. As the situation in the Middle East escalates and the U.S. intervenes, the market is also following the U.S. stock market downwards. From the current market trend, the overall rebound strength in the short term is relatively weak, while Ethereum appears to be relatively stronger, indicating that Ethereum has remained relatively resilient during this period.
I personally suggest that in the short term, contracts should still focus on short-term trading due to multiple uncontrollable factors. Additionally, pay attention to the U.S. interest rate decision and Powell's speech at 2 a.m. tonight. The market generally believes that there will be no interest rate cuts this month, so it's important to keep an eye on this.
Daily Analysis:
BTC short-term focus on the downside around 102,000, upside short-term focus on around 106,500.
ETH short-term focus on the downside around 2,430, upside short-term focus on around 2,580.
SOL short-term focus on the downside around 142, upside short-term focus on around 152.
Contract Strategy:
$BTC suggests shorting near 106,000 on the rise / shorting on high.
Take profit at 105,000, 104,000, 103,000; stop loss at 107,500.
Conversely, suggest going long near 102,500 on the drop / buying on low.
Take profit at 103,500, 104,500, 105,500; stop loss at 101,500.
$ETH suggests shorting near 2,570 on the rise / shorting on high.
Take profit at 2,520, 2,480, 2,450; stop loss at 2,600.
Conversely, suggest going long near 2,440 on the drop / buying on low.
Take profit at 2,480, 2,520, 2,560; stop loss at 2,400.
$SOL suggests shorting near 151 on the rise / shorting on high.
Take profit at 148, 145, 142; stop loss at 154.
Conversely, suggest going long near 143 on the drop / buying on low.
Take profit at 146, 149, 151; stop loss at 140.
Friendly Reminder:
Keep positions light and low leverage. This contract strategy is suitable for short-term traders. Please remember to take profits in a timely manner and set stop losses based on personal position. Don't be greedy, secure profits, and it's better to accept small losses than to hold onto a losing position! If the market direction is correct, you may choose to continue holding.
The team still has positions!!! Hurry up
SUI TURMP BONK PEPE OM
