Data Analysis:
Based on the current liquidation map, the market is currently dominated by long positions. With the current Bitcoin price around $109,600, if the market rises again to around $111,600, the estimated cumulative liquidation amount for short positions could be about $1.06 billion. Conversely, if the market drops to around $107,600, the estimated cumulative liquidation amount for long positions could be about $870 million.
Market Viewpoint:
Market Direction: Short-term oscillation upwards. From the overall market trend, the general direction still shows an upward trend structure, and the market is currently in oscillation, waiting for a change. Personally, I believe that as we approach the end of the month, this week we need to pay close attention to whether the support level at 105,000 can hold. If it falls below 105,000, there could be a wave of accelerated decline.
Furthermore, the current market sentiment and the capital inflow and outflow situation of major institutions concerning Bitcoin ETFs are overall healthy, positive, and active, while Ethereum and most altcoins tend to follow the market trend more. As for news, there are currently no particularly important updates; we should pay attention to this week's Bitcoin conference and the FTX compensation situation.
Daily Analysis:
BTC short-term focus on the level around 107,000, and short-term focus on the level around 111,500 above.
ETH short-term focus on the level around 2,480, and short-term focus on the level around 2,650 above.
SOL short-term focus on the level around 170, and short-term focus on the level around 183 above.
Contract Strategy:
BTC is recommended to go long near 107,500 on a dip \ buy on the low.
Take profit at 109,000 110,000 111,500, stop loss at 106,000.
Conversely, it is recommended to go short near 111,500 on a rise \ sell on the high.
Take profit at 110,000 109,000 108,000, stop loss at 112,500.
ETH is recommended to go long near 2,500 on a dip \ buy on the low.
Take profit at 2,550 2,600 2,650, stop loss at 2,450.
Conversely, it is recommended to go short near 2,650 on a rise \ sell on the high.
Take profit at 2,600 2,550 2,500, stop loss at 2,700.
SOL is recommended to go long near 172 on a dip \ buy on the low.
Take profit at 175 178 181, stop loss near 168.
Conversely, it is recommended to go short near 182 on a rise \ sell on the high.
Take profit at 178 173 170, stop loss at 185.
