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Last night CPI boosted BTC to a new high
So can the stock market continue to hit new highs?
Data analysis:
Although the CPI last night met market expectations, BTC reached a new high pumpshorts again, but then there was a callback to liquidate longs, forming a double explosion of long and short positions.
From the current liquidation map, it can be seen that when the market pulls back to around 85400, approximately $640 million long positions are expected to be liquidated. If the market reaches around 94300, approximately $750 million short positions are expected to be liquidated. It can be seen that the current market Fluctuation is still significant.
Daily Analysis:
From the current market trend, the overall market has entered a wide-ranging shock market. In the short term, the overall market will move in the range of 86000-92000, while Ether seems to be a bit unable to keep up with the overall market trend, feeling a bit fast and not doing well. In the short term, the overall market will move in the range of 3050-3250, and SOL will move in the range of 200-220 in the short term.
Daily Viewpoint:
Since the beginning of the month, there have been significant news events such as the successful election of Trump as the next US president, the Federal Reserve interest rate decision, and last night's CPI data. These are all exceptionally important Favourable Information news, which have driven BTC to break out of a super one-sided trend and repeatedly reach new historical highs.
So we need to consider a question, from now until the end of the month, if there are no other important news affecting the market, can the market continue to rise to new highs? Or will the market start to return to normal market rules in the second half of the month, and begin to pullback before entering a period of consolidation?
Contract Strategy:
Go long on BTC around 87000 and take profit around 91000
ETH goes long around 3100 take profit around 3220
Go long on SOL around 200 take profit near 220
Warm reminder:
1. This strategy is suitable for investors who like swing trading or short-term trading. Please remember to take profits in a timely manner and set stop loss based on your personal position. It's better to take a small loss than to hold a losing position!
2. If the market direction is correct, you can choose to continue holding.
3. If you need to analyze other currencies, please feel free to leave a message, and I will give advice based on different Position situations.