Main Capital Direction:
Bullish Accumulation Phase. Evidence includes:
Ongoing increase in open contracts: 24-hour OI increased by 2.43%, 4-hour OI slightly increased by 0.1%, indicating capital inflow into the market, with the main players positioning themselves.
Large holders' long-short ratio significantly biased towards long: The large holder long-short ratio is 1.50, and the proportion of large holders' long positions has remained above 59% within 4 hours, showing that 'smart money' is accumulating on dips.
Short liquidation dominates: In the past 24 hours, the amount of short positions liquidated is 7.2 times that of long positions; within 4 hours, short position liquidations amounted to 930,000 USD vs long position liquidations of 233,000 USD, and forced short liquidations may drive price rebounds.
Order book buy support is strong: Buy orders at a 10% depth slightly exceed sell orders, indicating strong buying pressure below.
Resistance Levels:
R1: 106000 USD (psychological level + previous high of 4-hour candlestick)
R2: 106173 USD (today's highest point, breaking this opens upward space)
R3: 106500 USD (24-hour candlestick resistance, strong pressure zone)
Support Levels:
S1: 105263 USD (recent low point, confirmed by 5-minute candlestick)
S2: 105000 USD (psychological support + dense area of 1-hour candlestick)
S3: 104600 USD (breaking this would indicate a trend reversal to bearish)
Direction: Long (short-term)
Entry Point: 105200 USD (close to support S1, avoid chasing highs).
Stop Loss Level: 104700 USD (200 USD below S2, filtering out false breakouts).
Take Profit Level: 105900 USD (first target R1, risk-reward ratio 1:2).
