Data Analysis:
Based on the current market clearing map, the overall market is dominated by bulls. With the current Bitcoin price around $114,800, if the market fluctuates by $2,000 up or down, and rises again to around $116,800, the estimated cumulative amount of shorts that could be liquidated is approximately $822 million. Conversely, if the market drops to around $112,800, the estimated cumulative amount of longs that could be liquidated is approximately $1.108 billion;
According to the current Ethereum clearing map, the overall market is also dominated by bulls. Based on Ethereum being around $3,673, if it fluctuates by $100 up or down and rises again to around $3,773, the estimated amount of shorts that could be liquidated is approximately $1.075 billion. Conversely, if Ethereum drops to $3,573, the estimated cumulative amount of longs that could be liquidated is approximately $1.033 billion.
The net inflow of funds for Bitcoin spot ETF yesterday was $49.7 million, while the net inflow for Ethereum ETF was $1.7 million.
Market Perspective:
Market Direction: Mainly in consolidation. From the current market trend, the daily level is still in a consolidation pattern, so we need to continue to wait for the market to truly reverse. Ethereum and other altcoins are also in a relatively stable sideways trend, leading the market to enter a relatively quiet wait-and-see state. Therefore, in recent contract strategies, short-term trading is still the main focus.
Daily Analysis:
BTC short-term focus on the lower side around $113,500, and on the upper side around $116,500.
ETH short-term focus on the lower side around $3,580, and on the upper side around $3,780.
SOL short-term focus on the lower side around $163, and on the upper side around $172.
Contract Strategy:
BTC suggests going long near $113,500 or buying on dips.
Take profit at $114,500, $115,000, $116,000; stop loss at $112,500.
Conversely, suggest going short near $115,500 or selling on rallies.
Take profit at $115,000, $114,000, $113,500; stop loss at $116,500.
ETH suggests going long near $3,600 or buying on dips.
Take profit at $3,650, $3,700, $3,730; stop loss at $3,570.
Conversely, suggest going short near $3,720 or selling on rallies.
Take profit at $3,680, $3,650, $3,620; stop loss at $3,760.
SOL suggests going long near $163 or buying on dips.
Take profit at $166, $169, $171; stop loss at $160.
Conversely, suggest going short near $171 or selling on rallies.
Take profit at $169, $166, $163; stop loss around $174.
Friendly Reminder: Don’t be greedy, take the profit safely, better to have a small loss than to hold a losing position!
Direction is correct, choose to continue holding.
