Data Analysis:
From the current liquidation map, the overall market and Ethereum are currently dominated by bears.
Current Bitcoin price: $117,300. If it rises to $119,300, it is expected that approximately $978 million in shorts could be liquidated. If it falls to $115,300, it is expected that approximately $1.16 billion in longs could be liquidated.
Current Ethereum price: $4,450. If it rises to $4,550, it is expected that approximately $1.26 billion in shorts could be liquidated. If it falls to $4,350, it is expected that approximately $800 million in longs could be liquidated.
ETF Fund Flow (Yesterday)
BTC Spot ETF: Net outflow of $128 million
ETH Spot ETF: Net outflow of $125 million
Market Opinion:
Market Direction: Short-term sideways with a slight downward bias. From the current trend, both the overall market and Ethereum on the 4H chart are slightly in a downward consolidation phase, with very weak rebound strength, and altcoins show general rebound strength. Market sentiment has also turned neutral and is in a wait-and-see state. Unless there are unexpected events over the weekend, it will largely remain in a consolidation phase. Short-term focus on the market around 116,000, to see if it can hold. If it breaks below, it will decline again.
Regarding the latest situation of the US-Russia talks, the talks have concluded with a consensus but no agreement has been reached. The market reacted generally because not much detail has been revealed, but overall the talks went relatively smoothly and further attention is needed.
Daily Analysis:
BTC short-term focus on the lower end around 116,000, upper short-term focus around 119,000.
ETH short-term focus on the lower end around 4,350, upper short-term focus around 4,550.
SOL short-term focus on the lower end around 180, upper short-term focus around 190.
Contract Strategy:
BTC suggests going long if it drops to around 116,800 or buying on dips.
Take profit at 117,800, 118,500, 119,000, stop loss at 116,000.
Conversely, suggests going short if it rises to around 118,500 or selling on rallies.
Take profit at 117,500, 116,500, 116,000, stop loss at 119,500.
ETH suggests going long if it drops to the 4,380 range or buying on dips.
Take profit at 4,450, 4,500, 4,530, stop loss at 4,330.
Conversely, suggests going short if it rises to around 4,520 or selling on rallies.
Take profit at 4,480, 4,430, around 4,380, stop loss at 4,580.
SOL suggests going long if it drops to around 180 or buying on dips.
Take profit at 183, 186, 189, stop loss at 177.
Conversely, suggests going short if it rises to around 190 or selling on rallies.
Take profit at 186, 183, 180, stop loss at 193.
Friendly Reminder: Don't be greedy; securing profits is key. It's better to have small losses than to hold onto losing positions!