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Good morning, family!
BTC broke through a new high last night
Is it time to pullback Get Liquidated longs today?
Data Analysis:
From the current liquidation map, it can be seen that when the market pulls back to around 89400, it is expected that the liquidation of high leverage long positions will be approximately 1.16 billion US dollars, if the market reaches around 94800, it is expected that the liquidation of high leverage short positions will be around 500 million US dollars;
It can be seen that the current long-short ratio is imbalanced, which also indicates that there are still many long positions in the market. At the same time, if the market undergoes a significant pullback, the risks faced by long positions will also be enormous.
Daily Analysis:
From the current market trend, the overall short-term market will range between 90000-93000, ETH will range between 3000-3200 in the short term, and SOL will range between 229-245 in the short term.
Market Viewpoint:
The market hit a new high again last night. A wave of short positions has been liquidated, but judging from the latest market trend, the market is still continuing to pullback and liquidate a wave of long positions. Personally, I believe that if the market can pullback more, it is a good time for Spot short position friends to gradually build a position and get on board.
Currently, the market performance is still in a state of extreme greed. What I want to say is that friends who especially like Heavy Position contracts need to pay more attention to risks. As the saying goes: when others panic, I am greedy; when others are greedy, I panic. Therefore, it is necessary to always stay calm and rational.
Contract strategy:
BTC at around 91000 go long take profit around 92500
ETH is going long around 3050 take profit around 3120
SOL Long around 231 take profit around 240
Friendly reminder:
1. This strategy is suitable for investors who like swing trading or short-term trading. Please remember to take profits in time, and set stop loss according to your own Position, rather take a small loss than 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.