Data Analysis:
Based on the current market liquidation map, the overall market is dominated by bears. With the current Bitcoin price around $118,800, if the market fluctuates up and down by $2,000 and rises again to around $120,800, the expected cumulative liquidation amount for shorts is about $700 million. Conversely, if the market falls to around $116,800, the expected cumulative liquidation amount for longs is about $1.238 billion;
According to the current Ethereum liquidation map, Ethereum is currently dominated by bears. With Ethereum around $4,260, if it fluctuates up and down by $100 and rises again to around $4,360, the expected liquidation amount for shorts is about $800 million. Conversely, if Ethereum falls to $4,160, the expected cumulative liquidation amount for longs is about $680 million.
The net inflow of funds for Bitcoin and Ethereum spot ETFs yesterday was $39.9 million and $379 million, respectively.
Market View:
Market Direction: Consolidation. The market is currently in a short-term consolidation phase, and Ethereum is similar, but Ethereum's fluctuations are overall larger. As for altcoins, they have also corrected along with the market and Ethereum, indicating that altcoins are relatively weak. The U.S. CPI data will be released at 8:30 PM tonight. I personally believe that the market and Ethereum will change direction after the CPI data is released, so in the short term, it is recommended to focus on short-term trading while keeping an eye on the news.
Daily Analysis:
BTC short-term focus on the lower side around 117,000, upper short-term focus around 121,000.
ETH short-term focus on the lower side around 4,150, upper short-term focus around 4,400.
SOL short-term focus on the lower side around 170, upper short-term focus around 182.
Contract Strategy:
BTC is recommended to buy near 118,000 on the dip or buy on lows.
Take profit at 119,000, 120,000, 121,000; stop loss at 116,500.
Conversely, it is recommended to short near 121,000 or short on highs.
Take profit at 120,000, 119,000, 118,000; stop loss at 122,500.
ETH is recommended to buy near 4,200 on the dip or buy on lows.
Take profit at 4,250, 4,300, 4,350; stop loss at 4,100.
SOL is recommended to buy near 173 on the dip or buy on lows.
Take profit at 176, 179, 182; stop loss at 169.
Conversely, it is recommended to short near 181 or short on highs.
Take profit at 178, 175, 172; stop loss near 184.
Friendly Reminder: Don’t be greedy, secure your profits, it’s better to take small losses than to hold on to losing positions!