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BTC continues to hit new highs
How long can the phenomenon of sustained record highs last?
Data Analysis:
From the current liquidation map, it can be seen that in the high leverage long and short positions ratio, market sentiment towards BTC is still optimistic, when the market pulls back to around 90600, an estimated liquidation of approximately $1.245 billion in high leverage long positions is expected. If the market reaches around 95700, an estimated liquidation of approximately $620 million in high leverage short positions is expected;
Daily Analysis:
From the current market trend, the overall market will move in the range of 93000-95500 in the short term, Ether will move in the range of 3000-3160 in the short term, SOL will move in the range of 230-245 in the short term.
Market View:
In the market, BTC is still dominant, constantly hitting new highs. Is it really heading towards 100k? As for other coins, they generally cannot keep up with the pump of the overall market. If the market pulls back slightly, Altcoins will definitely pullback faster and more. So we must always maintain rationality and be aware of the risk of market pullback at any time.
I personally think it's quite normal for this phenomenon. The main reason is that BTC is favored and followed by more financial institutions, large international companies, and countries. They are gradually getting on board and purchasing in batches as a digital gold reserve, naturally driving up the price. At the same time, with the continuous rise and attraction of BTC, coupled with the limited funds in the encryption industry itself, it has led to the delayed arrival of the altcoin bull market.
We need to wait for the heat of Bitcoin to pull back before funds can flow back to altcoin currencies. That's when the altcoin season arrives. As for when the altcoins will start, we can only wait and see.
Contract Strategy:
BTC Long near 93200 take profit near 94500
ETH go long near 3030 take profit near 3100
SOL go 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, it is better to take a small loss, never 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 provide suggestions based on different Position situations.