扛把子

The cryptocurrency market has recently become the focus again due to the PlusToken incident. This former Ponzi scheme suddenly saw its related addresses become active again after a period of silence, transferring 7,000 ETH, which has attracted widespread attention in the market. PlusToken was once a Ponzi scheme involving millions of people, defrauding up to 26 billion yuan, and it involved various cryptocurrencies including BTC, ETH, DOGE, XRP, and more.

According to analyst ErgoBTC's observation, this 7,000 ETH may only be the tip of the iceberg, with potentially $1.3 billion worth of ETH expected to be sold in the future. This news undoubtedly puts immense pressure on the market, as a massive sell-off of these ETH could have a significant impact. Currently, these ETH have been transferred to several exchanges including BitGet, Binance, and OKX.

The collapse of PlusToken has not only caused significant losses for investors but has also had far-reaching effects on the entire cryptocurrency market. It has exposed the lack of regulation and loopholes in the digital currency market, while also undermining investor confidence in digital currencies. This incident reminds us that although cryptocurrencies and blockchain technology have great potential, investors must remain cautious and conduct thorough investigations and risk assessments of emerging investment opportunities.

Currently, the market is closely monitoring the further developments of this incident and the ultimate destination of these ETH. If these ETH are sold off in large quantities, it may cause a short-term shock to the price of Ethereum; however, in the long run, the market may absorb this impact and continue to develop according to its inherent logic. Investors should remain vigilant but not panic excessively, and should make rational investment decisions based on comprehensive market analysis.
38823038690

The holding ratio of Bitcoin for $BTC has shown a downward trend. Both futures contracts and the spot market are seeing a reduction in investors' positions. This indicates that many investors who have made profits are choosing to exit the market, while those considering short positions are also becoming cautious, worried that a market rebound could lead to losses from shorting at the bottom.

In the short term, we need to closely monitor the support level of Bitcoin at $67,800. If the price falls below this level, a trend-based short position could be considered. However, it is advisable for short sellers to refrain from entering until this support level is broken, as this is a more prudent strategy.

From the perspective of trading from the right side, if the price breaks below $67,800, it may further decline by at least $2,000. Currently, long positions are approximately seven times larger than short positions. If the price rises to $70,000, about $400 million in short positions can be liquidated; whereas if the price drops to $65,000, $2.263 billion in long positions will be at risk of liquidation.

The market may adopt a strategy of first rising to $70,000 to attract investors looking to go long, then quickly retracing to $67,000, and eventually declining to $65,000. Such market movements will undoubtedly pose great stimulation and challenges for investors.

After Bitcoin rises to $69,500, it faces a pullback, which is expected due to the market showing signs of a top divergence. A retracement is needed to alleviate this technical indicator's divergence. According to my analysis, the pullback will not be too significant, with a maximum expected touch at the $67,000 price level. As for the $70,000 mark, it should be tested within this week, but the key lies in whether there will be a false breakout after the test.

Additionally, not only Bitcoin, but several other cryptocurrencies starting with the letter 'E' have begun to become active, such as some established decentralized finance (DeFi) projects and coins related to the on-chain ecosystem. Despite this, the exchange rates of these coins have not seen a significant rebound. It is particularly worth mentioning that Solana (SOL) has recently performed strongly, with prices unexpectedly reaching $170, resulting in a return of up to 50% for investors who bought in at $110. In the current investment environment, holding for three months can yield a 50% return, surpassing 95% of investors.

Moreover, SOL is now offered for staking on most exchanges, and the staked tokens can be sold at any time. For investors considering long-term investment, this is undoubtedly a noteworthy option, as the power of compound interest is immense. Who wouldn't want their investments to keep rolling and growing?

In today's short-term trading, $68,350 has become a key short-term support area for $BTC , while a large number of sell orders are piled up around $70,000, indicating that some market participants do not wish for the Bitcoin price to quickly rebound above $70,000. However, retail investors' enthusiasm has been ignited, and this sentiment often leads to significant market volatility. Such volatility usually serves two purposes: first, to clear out the majority of holders in the market, and second, within this price range, bulls and bears will engage in fierce competition, only to have a winner emerge when large funds from one side intervene. Therefore, during this period, our trading strategy should be to operate with light positions and look for suitable entry points to ensure that stop-loss points are kept as small as possible.

Today's market trend is quite similar to the strong surge of the past few days; the market seems to be forming a top while pretending to be about to correct, then quietly rising again. We should align with the strategies of market leaders and adopt a buy-the-dip strategy until the market leaders change their strategies, at which point we will adjust accordingly. This flexible trading approach helps us better adapt to market fluctuations and maintain competitiveness in an ever-changing market.

When many investors' attention is focused on Bitcoin's historical peak of $74,000, and even expect it to break the $100,000 barrier, is there anyone like Wu Chan who foresaw the impending market correction? On the 4-hour chart, the phenomenon of divergence at the top has persisted for some time, and technical indicators such as KDJ and MACD have long released bearish signals, indicating an overbought state in the market. Recently, the bullish strength has noticeably seemed a bit weak.

Wu Chan's view is that the market needs to undergo a correction before further rising, in order to adjust the technical indicators and lay the foundation for future trends. This technical adjustment is necessary and will prepare the market for subsequent movements. In the current overbought state, the market needs a breather to re-gather strength and establish a solid foundation for the next round of increases. Therefore, while investors anticipate new highs, they should also be wary of potential correction risks and make corresponding investment decisions.

$BTC Starting from $59,000, the market has experienced a wave of five upward movements, and it is expected that this wave will peak between $69,800 and $71,000. Subsequently, the market may enter a correction phase, with a projected decline of at least $3,150, and potentially a larger drop.

As Master Liu pointed out, we have identified the position of the peak and the possible extent of the decline. Investors should make decisions based on their own judgments. Personally, I plan to short when the price exceeds $70,000.

Bloggers have differing opinions, just like many predicted a significant C wave decline in September, while I believe that there is no C wave in a bull market. Where would a C wave come from in a bull market? I predicted at that time that the bull market would reach $68,000 to $69,000. Now, the market has not shown a significant C wave, but rather continues to rebound in the B wave, with prices nearing the $70,000 mark. Some are starting to talk about a major bull market reaching $110,000; that is their view.

I personally am not optimistic about a major bull market, nor do I think the market will see a significant reversal, much less reach $110,000. It is expected that after $70,000, the market will experience a correction of several thousand dollars. By late October to early November, if Trump is re-elected, the market may rise again. Isn’t this market trend enough? September was the first bull market, October the second, and November will be the third; isn't this how a bull market ends?

$BTC Last week, the market witnessed a brief breakout of Bitcoin prices at two key levels of $68,000 and $69,000, but then both encountered a pullback. After these two attempts to rise, the price saw an increase of about 500 points, immediately followed by a downward trend, which seems to be intentional, aiming to clear short positions in the market. For investors holding a long-term bearish trend, this short-term rise had little impact, as mentioned in previous articles, the breakout at $69,000 is no longer the focus of attention, and market volatility is inevitable.

In the current market with a generally bullish sentiment, although prices have indeed risen, investors will find it challenging to find suitable entry points for going long. From last week to now, whether hitting $68,000 or $69,000, the price has not formed strong support during the pullback, making it difficult for bulls to find appropriate entry points. If one blindly chases the highs, they will quickly encounter a rapid price drop, with declines even exceeding 1,000 points, which has left many bullish retail investors confused as they seek the right moment to increase their positions.

Observing today's four-hour candlestick chart, it is clear that the previously formed range resistance at $68,000 has now become a support level during the retracement. This is a reasonable entry point for bulls and an irresistible opportunity to go long.

Based on this, we can reasonably speculate that tonight's market may dip to $68,000.

$BTC As we expected, $692,000 (the historical peak in 2021) has become a significant barrier for Bitcoin. So far, no 4-hour closing price has successfully breached this level, and we have observed clear retracement signals on the recent 4-hour candlestick charts. Currently, I am closely monitoring the price range changes on Monday, but we expect $68,000 to be a key support level.

If this support level is lost, Bitcoin may further decline to around $665,000. However, if Bitcoin can close above $692,000 within a 4-hour period, it may quickly approach the historical peak.

In today's morning session of Bitcoin and Ethereum trading, we should adopt a prudent and flexible strategy.

In the face of market volatility, it is important to recognize that the starting point of any upward trend often occurs after a low point. This is because, in the absence of a retreat, the market often finds the momentum to move forward.

From the 1-hour candlestick chart of Bitcoin at $BTC , Bitcoin prices continued to rise last night, reaching a high of 69400 points, but subsequently fell back. It was originally expected that there might be an attempt to break through 70000 points, but it has proven that 70000 points remains a strong resistance level. Currently, although the price has retreated, from the 1-hour candlestick chart, the overall trend of Bitcoin is still strong, and the pullback is limited. The MACD indicator shows that the two lines are rising straight, indicating a clear bullish trend, and bullish momentum continues to strengthen. The KDJ indicator also shows three lines oscillating upwards, but today's morning session's operational approach suggests focusing on shorting after a pullback.

Investors should remain calm while trading, flexibly adjust strategies based on the actual market trends, and closely monitor changes in technical indicators to make reasonable trading decisions. At the same time, attention should also be paid to risk management, ensuring that while pursuing profits, one can also protect their investments.

$BTC Review of today's trading situation, in fact, there isn't much worth in-depth analysis, as mainly some small-cap cryptocurrencies are performing actively in the market. As for mainstream currencies, they may reach levels suitable for shorting by tonight. However, today we are primarily focused on tomorrow's market movements, so the review ends here.

Regarding tomorrow, which is Monday's market trend, is it bullish or bearish? We have been observing at this high price level for a few days. For short-term traders, it may already be a bit late, but for medium to long-term traders, the target price is not considered early. Currently, the bearish stance is very clear. The market on Monday may first attempt to break through the $70,000 mark, then retreat. The ideal scenario is for the market to first drop to $67,000, then rebound to $67,500 on Tuesday, and later fall back to between $65,000 and $66,000. If the market follows this script, it would be perfect.

As for investors holding short positions, should they consider closing their positions? Since we have reached this price level, there is no need to rush to close positions. The upside space is only about 2%, while the downside space exceeds 10%. For Bitcoin, the resistance levels tonight are between $68,500, $69,000, and $69,500 to $70,000, which are important resistance levels for both the short and long term. For bearish investors, these levels must not be breached. The support levels below are at $68,000, $67,500, $66,800, and $66,100. There is strong support in the range of $65,000 to $66,000. If the script is correct, it is expected to reach this price level before next Friday.

$ETH There may be many reasons for Ethereum's recent weak performance, and one key factor may be that the selling pressure is greater than the buying pressure. As can be seen from the weekly chart, the volume during the decline is significantly greater than the volume during the rise, which usually means that sellers dominate the market, leading to a decline in prices.
When the price of Ethereum fluctuates between 2100 and 2800, many investors may choose to sell after making a 30% profit. This profit-taking behavior may cause the price to fall further. In addition, as the price rises, the gradual increase in buying has formed the so-called dense chip area, that is, the oscillating market, and investors either hold on to the end or cut their losses under pressure.

Next, let's talk about the law of trading triangles. In most markets, except for very few one-sided markets, price movements tend to follow a symmetry principle, that is, prices will show a mirror-symmetrical form within a certain period of time. This symmetry can help investors predict future price movements.

Finally, let's explore how to obtain trading information from K-line. Whether it is a Yin line or a Yang line, the part from the Yin line's lower shadow to the closing price in the trend is called a down rebound, and the lowest point at this time can be regarded as a short-term support, which means an increase in buying volume. On the contrary, the part from the upper shadow of the Yang line to the closing price is called a high-fall, and the highest point at this time is the pressure level. It is worth noting that the closing prices of the daily and weekly lines can also be used as support and pressure levels.

Take Ethereum as an example, the current price is around 263X. In the previous daily K-line trend, in the process of falling from 2728 to 2310, the lower shadow of the second Yin line was at 2650, the closing price was 2675, and the lower shadow of the third Yin line was at 2634, and the closing price was 2657. Therefore, in the rise of Ethereum, we can see that the price hit 2675 and then fell back. In the daily trend from 2150 to 2728, the 2675 Yin line of the high-fall back is the so-called pressure line.

Through this symmetrical trading principle, investors can explore and apply pressure lines and support lines for trading on their own. In actual operation, trading volume is an important reference indicator. If the trading volume is large enough, the possibility of breaking through the pressure level or support level will increase.

$ETH Binance Web3 wallet users are in luck, because there will be an airdrop event for COOK tokens soon. Remember the airdrop event that Binance Web3 wallet cooperated with Mantle in August? In that event, many users won 233 COOK tokens. Although mETH Protocol has not officially announced the generation time of COOK tokens, its partner Puff has revealed the news in advance.

It is reported that COOK tokens will conduct TGE (Token Generation Event) on October 23. Regardless of whether you have won tokens in previous events, as long as you stake ETH to Mantle to generate mETH during the event, you will automatically become a participant in the Methamorphosis airdrop event of mETH Protocol. Therefore, remember to claim your COOK airdrop on October 23!

The details of the COOK token airdrop event are as follows:
- Event time: Rewards can be claimed from October 23.
- Airdrop conditions: Users need to stake ETH on Mantle to generate mETH to become participants in the airdrop event.
- How to claim: Users need to log in to the relevant platform on the day of the event to claim the COOK airdrop.

This airdrop event is a reward from mETH Protocol to its community members and a promotion of Mantle LSP's new governance token COOK. Through such activities, mETH Protocol aims to enhance community cohesion and encourage more users to participate in its ecosystem. For users of Binance Web3 wallets, this is an opportunity not to be missed. While enjoying the airdrop benefits, they can also support the development of mETH Protocol.

Ethereum’s ($ETH ) recent price action has really frustrated some investors, as it hasn’t performed as well as some other cryptocurrencies. Nonetheless, we cannot completely deny the potential and value of Ethereum based on short-term market performance alone. Market sentiment and price fluctuations are normal, and as a mature blockchain platform, Ethereum has a strong developer community and a wide application ecosystem.

It is difficult to predict whether Ethereum will need to wait until the developer conference in Thailand in November to see a significant price increase. Market dynamics are affected by multiple factors, including technological development, market demand, macroeconomic environment, etc. According to the search results, some analysts predicted that the price of Ethereum may challenge $3,000 in the short term, but also warned of a possible correction. Additionally, there is a view that Ethereum’s resilience and market position, coupled with technological advancements and growing adoption, make it well-positioned for potential growth in 2024.

If Ethereum’s price corrects at the end of the month and falls back to $2,200, a potential price rally in early November could reach around $2,700, which may not be too different from current prices. However, such predictions are subject to significant uncertainty, as the cryptocurrency market is known for its volatility, and prices can change rapidly and unpredictably.

It is important that investors focus on Ethereum’s long-term value and potential growth opportunities, not just short-term price fluctuations. Future developments for Ethereum may include technology upgrades, implementation of scaling solutions, and further applications in areas such as decentralized finance (DeFi) and non-fungible tokens (NFTs). These factors could all have a positive impact on the price of Ethereum.

Ultimately, investors should make decisions based on their own risk tolerance and investment strategy, and should be aware that cryptocurrency investing involves risks. It is very important to conduct thorough market analysis and research before making any investment decisions.

$SUI , as an emerging smart contract platform, has indeed attracted widespread attention with its recent market performance. Although there is no guarantee that any investment will bring millionaire gains in a specific time, we can explore Sui's potential and market prospects together.

The price of $SUI has performed strongly in the past few weeks, and despite less volatility this week, it has remained above $2, with a market value of more than $5.7 billion. This solid performance has made some investors optimistic about Sui's future. A popular cryptocurrency YouTube channel "BULLRUNNERS", with more than 300,000 subscribers, shared their views on Sui and provided price predictions.

Sui's blockchain architecture is one of its highlights. Unlike traditional networks that process transactions sequentially, Sui is able to process multiple transactions simultaneously, which reduces network congestion and improves efficiency. This architecture outperforms some competitors, such as Solana, which sometimes encounters failures. Sui also has lower transaction fees than other EVM chains, which makes it cost-effective.

The total locked value (TVL) of $SUI has increased significantly by 447%. The growth of this indicator indicates the expansion of the user base and the strengthening of investor confidence. BULLRUNNERS analysis believes that if Sui can maintain this momentum, its market value is expected to reach 100 billion to 150 billion US dollars. At such a market value, Sui's price may be between $26.75 and $40.

For investors, if Sui's price reaches $40, holding about 25,000 Sui tokens (about $62,500 at the current price of $2.5) may become a millionaire. If the price reaches $26.75, then about 37,400 tokens will need to be held.

Of course, these are all assumptions based on current market conditions and forecasts, and actual market performance may vary due to a variety of factors. Investors should conduct a comprehensive market analysis and consider their own risk tolerance when making investment decisions. At the same time, attention should also be paid to Sui's technological and ecological development, as well as other macroeconomic factors that may affect its price.

In the cryptocurrency market, investors have mixed views on the future direction of Bitcoin ($BTC ). Some expect Bitcoin to break above $69,000 and continue its climb, while others want to see it fall below $66,500, triggering a deeper decline.
Seasoned investors know that for altcoins to achieve significant growth, Bitcoin must stop its “blood-sucking” effect, allowing more funds to flow to altcoins. Secondly, although the United States may cut interest rates by another 25 basis points, the magnitude will be negligible compared with the previous bull market. We must realize that the core reason for the current underperformance of Ethereum ($ETH ) and altcoins is lack of liquidity, and all other reasons are based on this foundation.

In the market, many people analyzed and criticized ETH’s poor performance, and some even blamed it on Vitalik Buterin’s private life. But I think these views are ignorant. Looking back at the past market, there were only a limited number of public chains and ecosystems at that time, and there was no meme concept. I believe that Vitalik wants the price of ETH to rise more than anyone else, but the reality is that the market is expanding rapidly, with more and more participants, but not enough capital injection. This has led to the market not being able to develop healthily, and the scene of thousands of coins flying together is also Difficult to achieve.

If Bitcoin falls below the support level, giving us the opportunity to buy the bottom, can we be sure that we will make money? Isn’t it because many people entered the currency circle because of Bitcoin’s breakthrough rise? If Bitcoin really falls to 50,000, 40,000 or lower, it will lose the most basic banner of attracting OTC funds, which will only make the already depressed currency circle more difficult. Don’t always buy the bottom if it falls. Think back to this, when the price of Bitcoin was $15,000, did you buy the bottom? This kind of logic of reversing cause and effect will only disturb people's hearts. Perhaps the result of a sharp decline is that the market will never recover.

To sum up, Bitcoin’s sideways movement within a certain price range is beneficial to the development of altcoins and the healthy development of the entire market. Investors should remain patient, pay attention to market dynamics, and make rational investment decisions. In the cryptocurrency market, it is crucial to remain calm and rational and avoid making impulsive decisions due to short-term fluctuations in the market.

In the current cryptocurrency market, Bitcoin ($BTC ) seems to be showing a sideways consolidation pattern, which is often seen as an alternative to falling prices. As the market is about to face a potential turning point, Bitcoin's strong consolidation reminds many people of the characteristics of the early bull market, in which Bitcoin's price rise often leads other smaller-cap cryptocurrencies.

As discussed earlier, Bitcoin showed signs of rebounding near the support level of $68,000 to $67,500 and is expected to rise further to the target price of $70,000. This trend shows that the bulls have controlled the market's rhythm and dominance. Therefore, any price pullback is seen as a good opportunity to enter the market.

In addition, Ethereum ($ETH ) has also shown a similar strong consolidation pattern, and its price has continued to move sideways on the 4-hour chart, showing a trend of moving sideways instead of falling. Ethereum's pullback near $2,630 did not fall below the support level, which provides a good entry point for investors who pay attention to market dynamics. From a weekly level, Ethereum is waiting for a breakout, and investors should remain patient and hold their positions.

Overall, the current trends of Bitcoin and Ethereum show the market's confidence in these two major cryptocurrencies. Although there may be fluctuations in the short term, the long-term trend still points to the upside. Investors should pay close attention to market dynamics, seize buying opportunities during pullbacks, and prepare for the upcoming potential breakthrough. In this process, it is crucial to stay calm and rational, and avoid making impulsive decisions due to short-term market fluctuations.

In the cryptocurrency market, Bitcoin ($BTC ) is often regarded as the leader, and its price fluctuations have a significant impact on the entire market. Recently, the price of Bitcoin has been above $68,000, which is undoubtedly a relatively high level for many investors. Sentiment has become mixed at these highs, with investors hesitant about whether to enter or exit the market, a sentiment that is not uncommon in the market.
The current market trend of Bitcoin shows strong momentum. Although a correction is generally expected, Bitcoin has shown a price increase that breaks through the previous high in every 4-hour cycle, which makes short investors worried about the price. There was a sudden rise, and long investors were nervous about such high prices. In recent market dynamics, the price of Bitcoin has fluctuated frequently, and this "pin insertion" phenomenon has become more and more common in the market.
From a technical analysis perspective, Bitcoin appears to be in an independent trend right now, while Ethereum and other altcoins are relatively weak. It’s not just ordinary investors in the market who are worried about Bitcoin’s pin-inserting phenomenon. Those bookmakers and large investors (commonly known as “whales”) who hold altcoins may be more worried and cautious. The Federal Reserve's decision to cut interest rates in November has not yet been implemented, and with the U.S. election approaching, these macro events have brought uncertainty to the market, like a sword hanging over the heads of retail investors. But it needs to be pointed out that no matter what the outcome of these macro events, the final trend of the market is likely to be upward, because for bookmakers, news-level fluctuations are their bargaining chips for operating the market. The essence of the market, in the final analysis, is that a few people profit from the majority. If everyone is making money, who is losing?

In this market environment, investors need not be too anxious. Stay calm and don't be swayed by market fluctuations. If the price of Bitcoin falls below $50,000, the losses may be more to the bookmakers than to ordinary investors. By thinking from a different perspective, we can better respond to the next market situation. The market's upward trend is certain, while the possibility of a major correction is low.If the market does experience a correction, it may attract more investors to enter the market

Ethereum ($ETH ) has been a highly watched asset in the cryptocurrency market. Although the recent performance does not seem to meet the expectations of some investors, it does not mean that Ethereum has lost its potential and value. In fact, Ethereum's upgrade plan and upcoming technical improvements may bring new life to this platform.

First of all, Ethereum's technical upgrade is one of the key catalysts for its value. Upcoming upgrades such as Dencun (including Cancun and Deneb) are designed to improve the scalability and efficiency of the network, reduce transaction costs, and optimize data management. These upgrades may bring new development opportunities for Ethereum and may have a positive impact on its price.

In addition, Ethereum's application in the fields of DeFi (decentralized finance) and NFT (non-fungible tokens) is also growing, which may increase the demand for ETH. With the launch of more DApps and DeFi projects, the Ethereum ecosystem is expected to continue to grow, and this growth may drive the price of ETH.

However, Ethereum also faces some challenges. For example, it needs to maintain its security and stability while competing with emerging blockchain platforms such as Solana and Stellar, which provide different functions and scalability solutions. Additionally, changes in the regulatory environment could also have a significant impact on the price of ETH. Clarity and acceptance of cryptocurrencies by regulators can boost investor confidence, while adverse regulatory measures could negatively impact the market.

When considering an investment in Ethereum, investors should conduct thorough research and diversify their portfolios. Ethereum's role as a pioneering blockchain platform and its potential for continued growth make it a great asset in the digital currency space. However, like all investments, it carries inherent risks, and investors should approach it with caution and take a long-term view.

In summary, while Ethereum's recent performance may not be as dramatic as some other cryptocurrencies, its upcoming upgrades and continued ecosystem development could lay a solid foundation for its future growth. Investors should keep a close eye on these technological advances and market dynamics to better grasp investment opportunities.

$ETH With the arrival of the weekend, the market seems to have entered a state of calm, which usually means that trading activities will decrease and price fluctuations will also decrease. Unlike the unilateral market last week, this week's weekend market is more inclined to sideways, which is not common in history. Usually, the main players in the market will choose to rest on the weekend and enjoy their achievements after completing a round of operations. At this time, market participants generally accept this trend, and no one is willing to take the risk to break this balance, because doing so is likely to attract the attention of the main players and be liquidated.

Liying first provides some analysis from the perspective of price trends. At present, the price fluctuates in the range of 2600 to 2650, forming a narrow range of fluctuations. The previous high of 2663 and the low of 2630 constitute the short-term pressure and support levels. From the technical indicator MACD, both DIF and DEA are in negative values ​​and are gradually approaching, which indicates that the strength of sellers is weakening, and the market may see a golden cross, that is, the short-term moving average crosses the long-term moving average, indicating that the bullish trend may continue, and may even trigger a new round of unilateral rise.

The relative strength index (RSI) is currently at 56.70, which is in a neutral zone, neither entering the overbought nor oversold state, indicating that the market currently has no obvious trend direction. The trend indicator EMA7 is close to the current price, while the 30 and 120 EMA lines show a bullish arrangement, showing that the long-term trend is still biased upward. In addition, the current trading volume has decreased significantly, which shows that the wait-and-see sentiment of market participants is relatively strong. The previous few K-lines rose with the increase in trading volume, showing the strength of buyer support. Therefore, overall, the bullish trend still has a certain advantage, and the operating strategy is more inclined to be low-long and high-short.

In such a market environment, investors should remain patient and wait for the market to give clearer signals. During the sideways period, it is crucial to remain calm and rational, and avoid making impulsive trading decisions due to small market fluctuations. At the same time, you should also pay close attention to market dynamics so that you can react quickly when there are changes in the market.

$BTC The total amount of outstanding futures contracts in the Bitcoin market has reached an unprecedented level, exceeding $40 billion. The rise in this indicator usually reflects that market participants are increasing leverage in the hope of gaining greater benefits from price fluctuations. However, high leverage also means that the market is becoming more vulnerable, as any sharp price fluctuations may lead to large-scale forced liquidation events.

Historically, whenever the amount of open interest reaches a peak, the market tends to experience sharp price adjustments, because large investors may use this high-leverage environment to execute large-scale trading strategies, which triggers sharp market fluctuations. This strategy is sometimes called "closing the door and beating the dog", which means that when market participants are most vulnerable, large-scale trading operations are used to trigger a sharp drop in prices, forcing over-leveraged investors to close their positions and realize profits.

Currently, long positions in Bitcoin are facing similar risks. As the amount of open interest continues to climb, market expectations for an upcoming price adjustment are also increasing. Many market analysts and investors are closely watching this indicator to predict possible market movements. If there is a massive sell-off in the market, investors who hold long positions may face the risk of forced liquidation, which will further increase the downward pressure on the market.

Therefore, for participants in the Bitcoin market, now is the time to stay vigilant, pay close attention to market dynamics, and consider appropriately adjusting their investment strategies to cope with possible market fluctuations. In a highly leveraged environment, risk management becomes particularly important, and investors need to act cautiously to avoid suffering heavy losses when the market fluctuates violently.