Data Analysis:

According to the current liquidation map, the market is dominated by short positions. Based on the current Bitcoin price around $108,600, if the market fluctuates up and down by $2,000 and rises again to around $110,600, the estimated cumulative liquidation amount for shorts is about $970 million. Conversely, if the market drops to around $106,600, the estimated cumulative liquidation amount for longs is about $1.2 billion.

Yesterday, the net inflow of spot funds for Bitcoin ETF was $18.2 million, and the net inflow of spot funds for Ethereum ETF was $76.7 million.

Market Outlook:

Market Direction: Short-term bearish. From the current market trend, regardless of whether it's on the 4H or daily level, the overall market shows signs of needing a correction, while Ethereum has performed slightly stronger, remaining in a consolidation phase waiting for the next market movement. For most altcoins at the moment, they are also slightly correcting along with the market.

I personally believe that short-term focus should be on the conflict regarding immigration in the U.S. If the situation escalates further, it will definitely impact the U.S. stock market and the overall market will also correct, so short-term trading strategies should focus on short positions.

Daily Analysis:

BTC short-term focus on the lower level around 106,500, upper short-term focus on 110,500.

ETH short-term focus on the lower level around 2,700, upper short-term focus on 2,860.

SOL short-term focus on the lower level around 155, upper short-term focus on 165.

Contract Strategy:

BTC suggested to go long near 107,000 on a dip / buy on the dip.

Take profit at 108,000 109,000 110,000 Stop loss at 106,000.

Conversely, suggested to go short near 110,000 on a rise / sell on the rise.

Take profit at 109,000 108,000 107,000 Stop loss at 112,000.

ETH suggested to go long near 2,700 on a dip / buy on the dip.

Take profit at 2,750 2,800 2,830 Stop loss at 2,660.

Conversely, suggested to go short near 2,850 on a rise / sell on the rise.

Take profit at 2,800 2,750 2,700 Stop loss at 2,880.

SOL suggested to go long near 157 on a dip / buy on the dip.

Take profit at 160 163 165 Stop loss near 154.

Conversely, suggested to go short near 164 on a rise / sell on the rise.

Take profit at 161 158 155 Stop loss at 167.

Friendly Reminder:

Focus on light positions with low multiples. This contract strategy is suitable for short-term traders. Please remember to take profits in a timely manner and set stop losses based on personal positions. Don't be greedy; it's better to take small losses than to hold on! If the market direction is correct, you can choose to hold on.