Data Analysis:
Last night, the shorts have mostly been liquidated. From the current liquidation map, the market and Ethereum are predominantly bullish.
Current price of Bitcoin: $116,600. If it rises to $118,600, about $950 million in shorts are expected to be liquidated. If it drops to $114,600, about $1.1 billion in longs are expected to be liquidated.
Current price of Ethereum: $4,826. If it rises to $4,926, about $620 million in shorts are expected to be liquidated. If it drops to $4,726, about $1.04 billion in longs are expected to be liquidated.
ETF Fund Flows (Yesterday)
BTC Spot ETF: Inflow of $19.1 million
ETH Spot ETF: Inflow of $105 million
SOL Spot ETF: No inflows or outflows
Market Outlook:
Market Direction: Overall bullish. With Powell's dovish speech last night signaling a rate cut next month, the market quickly surged for Bitcoin and Ethereum. From the current trend, the market has entered a brief consolidation, and after many years, Ethereum has finally reached a historical high. Market sentiment has also become active and positive. Therefore, the overall market and Ethereum are bullish, and during this period, it is advisable to buy on dips for spot trading.
I personally believe that Ethereum will experience considerable volatility during this time, so it is recommended to pay more attention to Ethereum-related cryptocurrencies. As Ethereum sees significant price increases, related assets will also likely rise accordingly. We will observe whether the market continues this trend on the weekend. Typically, the market is characterized by consolidation on weekends, so specific trend changes need to wait until next week. Therefore, contracts can be traded primarily in the short term.
Daily Analysis:
BTC short-term focus: around $115,000 on the downside, around $119,000 on the upside.
ETH short-term focus: around $4,730 on the downside, around $5,000 on the upside.
SOL short-term focus: around $195 on the downside, around $206 on the upside.
Contract Strategy:
BTC建议下跌至115800附近做多或逢低做多
止盈117000 118000 119000 止损114000
ETH建议下跌至4750附近做多或逢低做多
止盈4850 4950 5000 止损4650
SOL建议下跌至196附近做多或逢低做多
止盈200 203 206 止损192
Friendly Reminder: Don’t be greedy, secure your profits. It’s better to take a small loss than to hold on! If the market direction is correct, you can choose to continue holding.