Family, good morning
Last night BTC broke new highs
Is today the time to liquidate the long positions on a pullback?
Data Analysis:
From the current liquidation map, it can be seen that when the market pulls back to around 89400, the estimated liquidation of high leverage long positions is about 1.16 billion USD. If the market reaches around 94800, the estimated liquidation of high leverage short positions is about 500 million USD;
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 pulls back significantly, the risks faced by long positions are also huge.
Daily Analysis:
From the current market trend, the overall market will short-term fluctuate between 90000-93000, Ethereum will short-term fluctuate between 3000-3200, and Solana will short-term fluctuate between 229-245.
Market View:
Last night the market again reached new highs and liquidated a wave of short positions. However, from the latest market trend, the market is still continuing to pull back to liquidate a wave of long positions. Personally, I believe that if the market can pull back a bit more, it will be an opportunity for those holding cash positions to gradually build their positions.
The current market performance is still in a state of extreme greed, and I want to say that especially for friends who like to hold heavy contracts, it is even more necessary to pay attention to risks. As the saying goes: when others panic, I am greedy; when others are greedy, I panic. So it is necessary to always remain calm and rational.
Contract Strategy:
BTC long near 91000, take profit near 92500
ETH long near 3050, take profit near 3120
SOL long near 231, take profit near 240
Friendly Reminder:
1. This strategy is suitable for investors who enjoy swing or short-term trading. Please remember to take profits in a timely manner and set stop-losses according to personal positions. 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 analysis for other cryptocurrencies, please feel free to leave a message, and I will provide suggestions based on different position situations.
