StrangerHero
vip

Good morning everyone~


How will the market move today?
How do we trade contracts?

Data Analysis:
According to the current liquidation map, the market is dominated by short forces. Based on the current Bitcoin price of around $104,600, if the market fluctuates by another $2,000 up to around $106,600, the estimated cumulative liquidated amount for shorts is about $1.3 billion. Conversely, if the market drops to around $102,600, the estimated cumulative liquidated amount for longs is about $1.178 billion.
The US stock market was closed for a day yesterday, and there was no data for Bitcoin and Ethereum spot ETFs yesterday.

Market Opinion:
Market direction: Mainly short-term fluctuations and horizontal consolidation. From the current market trend, the overall daily level of the market is still in a state of fluctuation, and yesterday the overall volatility of the market was very small. Therefore, without any special influences, the market will continue to mainly consolidate horizontally. Of course, for a narrow range of fluctuating markets, it is more suitable for swing/short-term trading back and forth. Currently, the news mainly revolves around the previously mentioned Israel-Palestine conflict, Trump, etc. Everyone should pay attention to these.

I personally believe that the reason the market is still fluctuating is mainly due to the market facing unstable factors, leading to more participants choosing to wait and see. Only when the situation becomes relatively clear will a new trend emerge. Additionally, we are already in the latter part of this month, and if the market remains in a state of fluctuation and consolidation, we still need to be cautious of the principle that it will inevitably decline over time. The short-term contract strategy remains unchanged as swing trading/short-term trading.

Daily Analysis:
Pay attention to the lower range around 103000 for BTC in the short term, and the upper range around 106500 for the short term.
In the short term, pay attention to the area around 2460 below for ETH, and the area around 2600 above.
Short-term focus on the 142 area below for SOL, and short-term focus on the 150 area above.

Contract Strategy:
BTC is recommended to short around 105500 / short on rallies.
Take profit 104500 104000 103500 Stop loss 106500
On the contrary, it is suggested to go long around 103500 on the dip.
Take profit 104500 105000 105500 Stop loss 102500

ETH is recommended to short near 2550 / short on rallies.
Take profit 2530 2500 2480 Stop loss 2600
Conversely, it is recommended to go long around 2480 on dips.
Take profit 2500 2530 2550 Stop loss 2440

SOL is recommended to short around 150\short on rallies.
Take profit 147 144 142 Stop loss 153
On the contrary, it is recommended to go long around 143 or to buy on dips.
Take profit 146 148 150 Stop loss 140

Warm reminder:
Focus on light positions with low leverage. This contract strategy is suitable for short-term traders. Please remember to take profits in a timely manner and set stop-losses according to your personal position. Don't be greedy; it's safer to secure profits, even if it means a small loss, rather than holding onto losing positions! If the market direction is correct, you can choose to continue holding.
View Original
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
  • Reward
  • 1
  • Share
Comment
0/400
GateUser-94c616edvip
· 06-22 01:57
thanks
please I can you be my mentor (couch)🙏 on trading
have lost alot
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)