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Data Analysis:
According to the current liquidation map, the market is still dominated by bulls. Based on the current Bitcoin price around $119,500, if the market fluctuates by $2,000 up or down and rises to around $121,500, the total estimated amount of liquidated shorts would be about $930 million. Conversely, if the market falls to around $117,500, the total estimated amount of liquidated longs would be about $1.2 billion.
Bitcoin spot ETF saw an inflow of 5.3 million dollars yesterday, while Ethereum spot ETF saw an inflow of 34.3 million dollars yesterday.
Market View:
Market Direction: The daily chart is still in a state of oscillation and consolidation. From the current market trend, although the market rose quickly last night, it was mainly influenced by bullish news that stimulated a rapid rise, but it has not effectively broken out of the oscillation box. Therefore, the market still needs to oscillate and build momentum to await a genuine trend change. As for Ethereum, it is still slightly fluctuating, but from the daily perspective, Ethereum remains relatively healthy and is overall in an upward trend, continuing to develop an independent market. Personally, I believe it is still possible to continue buying on dips, while also remembering to develop the habit of setting stop losses when building positions. It's not fear of losing a lot, but fear of losing a little.
Subscription Benefits:
Welcome family members to subscribe and enjoy laying out strategies in advance together. At the same time, the subscription also includes contract strategies for ETH and SOL, so don't just feel excited, take action and subscribe quickly~