Data Analysis:
According to the current market liquidation map, the overall market is dominated by bulls. Based on the current Bitcoin price around $119,200, if the market fluctuates up or down by $2,000 and rises again to around $121,200, the estimated cumulative amount of liquidated shorts is about $1.75 billion. Conversely, if the market drops to around $117,200, the estimated cumulative amount of liquidated longs is about $1.05 billion;
According to the current Ethereum liquidation map, Ethereum is currently dominating the market as bulls. Based on Ethereum's price around $4,270, if it fluctuates up or down by $100 and rises again to around $4,370, the estimated amount of liquidated shorts is about $1.565 billion. Conversely, if Ethereum drops to $4,170, the estimated cumulative amount of liquidated longs is about $700 million.
Market View:
Market Direction: Bullish. At present, the market is slowly moving upwards, while Ethereum and most altcoins are in a short-term consolidation state. The overall market sentiment is active, optimistic, and positive. Personally, I believe that both the market and Ethereum are taking turns to rise, especially Ethereum. If it rises again, it can easily push towards $4,500. Additionally, everyone should pay attention to the recent CPI data from the U.S. and the highly focused talks between Russia and the U.S. regarding Ukraine. Keep an eye on the relevant news.
Daily Analysis:
BTC short-term focus on the downside around $117,500, and the upside around $121,000.
ETH short-term focus on the downside around $4,170, and the upside around $4,400.
SOL short-term focus on the downside around $178, and the upside around $188.
Contract Strategy:
BTC recommended to go long if it drops to around $118,000 or on dips.
Take profit at $119,000, $120,000, $121,000; stop loss at $116,500.
Conversely, recommended to go short if it rises to around $121,000 or on highs.
Take profit at $120,000, $119,000, $118,000; stop loss at $122,500.
ETH recommended to go long if it drops to around $4,200 or on dips.
Take profit at $4,250, $4,300, $4,350; stop loss at $4,100.
SOL recommended to go long if it drops to around $179 or on dips.
Take profit at $183, $186, $188; stop loss at $177.
Conversely, recommended to go short if it rises to around $188 or on highs.
Take profit at $185, $182, $179; stop loss around $190.
Friendly Reminder: Don't be greedy, secure your profits, it's better to take a small loss than to hold onto a losing position! If the market direction is correct, you can choose to hold on to your position.