Just like yesterday.. unremarkable
First, let's look at the suggestions
Aggressive: Wait for the price to rebound to around $117,000, then take a light short position with a stop-loss above $117,500 and target $113,000.
Cautious: Stay on the sidelines and wait for the market to stabilize before entering.
Flat: Closely monitor market dynamics and wait for clear signals from macro and technical perspectives before making decisions.
1. Bitcoin Short-term Trend
Current Price: $115,507.42 (↑0.26%)
Market Structure: Increased retail trading activity in the spot market, but average order size is normal. Low retail participation in the futures market, with average order size leaning towards retail levels.
Liquidation Warning: If prices continue to decline, it may trigger larger scale liquidations. Resistance level to watch above is $117,000, support level below is $113,000.
Liquidation Overview: Long positions face certain liquidation risks.
2. Operating Window
Strong reduction signal: High whale ratio on exchanges, MVRV Ratio is on a downward trend, indicating market valuation is correcting.
Support Band Reference: Key support level is around $113,000.
Funding is bearish: Low funding rates indicate low bullish sentiment.
