Data Analysis:
According to the current liquidation map, the market is currently dominated by short positions. Based on the current Bitcoin price around $108,900, if the market rises again to around $110,900, it is expected that the total liquidatable short position will be about $1.33 billion; conversely, if the market falls to around $106,900, the total liquidatable long position is expected to be about $2 billion.
Additionally, from the Bitcoin ETF institutions, it can be seen that BlackRock and other institutions have been experiencing inflows, with a net inflow of $385 million yesterday.
Market Viewpoint:
Market Direction: Short-term consolidation and sideways movement are predominant. From the market trend, it is still in a high-level range consolidation, and we can only patiently wait for a change in trend. Furthermore, for Ethereum, it performed quite well yesterday, with some altcoins following the upward trend due to Ethereum's rise.
I personally believe that the reason for the high-level consolidation during this period is mainly due to BlackRock, as funds have been flowing in during this time, so we need to pay more attention to the direction of BlackRock's funds.
Daily Analysis:
BTC short-term focus on the lower side around 107,000, upper short-term focus on around 111,000.
ETH short-term focus on the lower side around 2,570, upper short-term focus on around 2,730.
SOL short-term focus on the lower side around 169, upper short-term focus on around 180.
Contract Strategy:
BTC suggested to go long near 107,500 on a dip\buy on dips.
Take profit at 109,000, 110,000, 111,000; stop loss at 106,000.
Conversely, suggested to go short near 111,000 on a rise\sell on rallies.
Take profit at 109,000, 108,000, 107,500; stop loss at 112,500.
ETH suggested to go long near 2,580 on a dip\buy on dips.
Take profit at 2,620, 2,660, 2,700; stop loss at 2,530.
Conversely, suggested to go short near 2,720 on a rise\sell on rallies.
Take profit at 2,680, 2,630, 2,580; stop loss at 2,770.
SOL suggested to go long near 170 on a dip\buy on dips.
Take profit at 175, 178, 180; stop loss near 167.
Conversely, suggested to go short near 180 on a rise\sell on rallies.
Take profit at 176, 173, 170; stop loss at 183.
