Data Analysis:
From the current liquidation map, the overall market is dominated by bears, but it is currently liquidating longs.
Current Bitcoin price is $113,000. If it rises to $115,000, it is expected to liquidate about $913 million in shorts. If it falls to $111,000, it is expected to liquidate about $1.27 billion in longs.
Current Ethereum price is $4,103. If it rises to $4,203, it is expected to liquidate about $612 million in shorts. If it falls to $3,993, it is expected to liquidate about $1.07 billion in longs.
ETF Fund Flow (Yesterday)
BTC Spot ETF: Outflow of $210 million
ETH Spot ETF: Outflow of $250 million
SOL Spot ETF: No inflow or outflow
Market Views:
Market Direction: Bearish. From the current market trend, the daily level still shows weak rebounds and remains in a downtrend. The key point is that the market is likely to continue to decline, with Ethereum and most altcoins also pulling back.
I personally believe it is important to focus on where the market will find support. In the short term, pay attention to the area around $110,000. If it fails to hold above this level, it may continue to accelerate downward. Therefore, a short-selling strategy on rallies is recommended in the short term.
Regarding news events, pay attention to Powell's speech at 10 PM on August 22, which will influence whether interest rates will be cut next month and affect the market trend.
Daily Analysis:
BTC short-term focus on the area around $111,000 below, and around $114,500 above.
ETH short-term focus on the area around $4,000 below, and around $4,220 above.
SOL short-term focus on the area around $170 below, and around $182 above.
Contract Strategy:
BTC suggests going long if it falls to around $111,000 or buying on dips.
Take profit at $112,000, $113,000, $114,000; stop loss at $109,500.
Conversely, it is suggested to go short if it rises to around $114,000 or selling on rallies.
Take profit at $113,000, $111,500, $110,000; stop loss at $115,500.
ETH suggests going long if it falls to around $4,000 or buying on dips.
Take profit at $4,100, $4,150, $4,200; stop loss at $3,930.
Conversely, it is suggested to go short if it rises to around $4,200 or selling on rallies.
Take profit at $4,100, $4,050, around $4,000; stop loss at $4,270.
SOL suggests going long if it falls to around $172 or buying on dips.
Take profit at $175, $178, $181; stop loss at $169.
Conversely, it is suggested to go short if it rises to around $180 or selling on rallies.
Take profit at $176, $173, $170; stop loss at $183.
Friendly Reminder: Don't be greedy; take profits when you can. It's better to take a small loss than to hold onto a losing position!