Data Analysis:
According to the current liquidation map, the market is currently dominated by shorts. Based on the current Bitcoin price around $107,800, if the market rises again to around $110,000, it is expected that the cumulative liquidatable short amount will be about $1.8 billion. Conversely, if the market falls to around $105,600, it is expected that the cumulative liquidatable long amount will be about $1.48 billion.
From the Bitcoin ETF institutions, it can be seen that BlackRock and other institutions have been experiencing inflows, with a net inflow of $433 million yesterday.
Market Opinion:
Market Direction: In the short term, it will continue to consolidate at high levels. From the current market trend, it is not difficult to see that the market is fluctuating and leaning towards a decline, while Ethereum is slightly stronger, showing signs of wanting to continue rising. However, the market does not seem to want to go up. I personally believe that if the market rises slightly, Ethereum still has a chance to rally, and the rise in Ethereum will also drive many altcoins to rise. As the end of the month approaches, pay more attention to whether the market will change direction by the end of the month. Additionally, keep an eye on the progress of the Bitcoin conference and tonight's U.S. initial jobless claims data.
Daily Analysis:
BTC short-term focus on the downside around 106,000, and the upside short-term focus around 110,000.
ETH short-term focus on the downside around 2,670, and the upside short-term focus around 2,800.
SOL short-term focus on the downside around 165, and the upside short-term focus around 175.
Contract Strategy:
BTC is recommended to go long if it drops to around 106,500 \ buy on dips.
Take profit at 108,000 109,000 110,000 Stop loss at 105,000.
Conversely, it is recommended to go short if it rises to around 109,000 \ sell on highs.
Take profit at 108,000 107,000 106,000 Stop loss at 110,000.
ETH is recommended to go long if it drops to around 2,680 \ buy on dips.
Take profit at 2,720 2,760 2,800 Stop loss at 2,630.
SOL is recommended to go long if it drops to around 165 \ buy on dips.
Take profit at 168 172 175 Stop loss around 162.
Conversely, it is recommended to go short if it rises to around 175 \ sell on highs.
Take profit at 172 168 166 Stop loss at 178.