Data Analysis:
From the current liquidation map, the market is relatively balanced between long and short positions, with Ethereum currently dominated by bears, although it is in the process of liquidating longs.
Current Bitcoin price: $116,000. If it rises to $118,000, it is expected to liquidate shorts of approximately $1.288 billion. If it drops to $114,000, it is expected to liquidate longs of approximately $1.55 billion.
Current Ethereum price: $4,300. If it rises to $4,400, it is expected to liquidate shorts of approximately $820 million. If it drops to $4,200, it is expected to liquidate longs of approximately $2.02 billion.
ETF Fund Flow (Yesterday)
BTC Spot ETF: Inflow of $12.7 million
ETH Spot ETF: Outflow of $19.6 million
Market Opinion:
Market Direction: Short-term fluctuations. From the current market trend, the 4-hour level is slowly recovering, but whether it can successfully establish a bottom still needs observation. The main focus is on whether the market can effectively stabilize around $117,000. If the market drops again, Ethereum is likely to experience a more significant pullback, while most altcoins may fall even more.
Currently, the overall rebound strength of altcoins is weak, and the market is more in a wait-and-see mode. Trading activity has decreased, waiting for signs of a market shift. Therefore, it is personally believed that contract strategies should remain cautious, focusing on short-term trading while avoiding heavy positions and strictly implementing stop-losses.
Daily Analysis:
BTC short-term focus on the lower level around $114,500, upper focus on around $118,500.
ETH short-term focus on the lower level around $4,200, upper focus on around $4,400.
SOL short-term focus on the lower level around $175, upper focus on around $187.
Contract Strategy:
BTC recommends going long near $115,000 or on dips.
Take profit at $116,000, $116,500, $117,000; stop-loss at $114,000.
Conversely, recommends going short near $117,000 or on peaks.
Take profit at $116,000, $115,000, $114,500; stop-loss at $118,000.
ETH recommends going long near $4,250 or on dips.
Take profit at $4,300, $4,350, $4,400; stop-loss at $4,200.
Conversely, recommends going short near $4,380 or on peaks.
Take profit at $4,330, $4,280, $4,230; stop-loss at $4,420.
SOL recommends going long near $176 or on dips.
Take profit at $179, $182, $185; stop-loss at $173.
Conversely, recommends going short near $185 or on peaks.
Take profit at $182, $179, $176; stop-loss at $188.
Friendly Reminder: Don’t be greedy, take profits when you can, better to have small losses than to hold onto losing positions!
