Both long and short positions have been liquidated. Under Trump's speech and CPI data, the short-term trend in the crypto market is clear! The market trend has already appeared!
Last night, I watched the trends of the market and the U.S. stock market. Both long and short positions were severely punished, and this kind of trend has played out once before, so everyone needs to be vigilant and prepare psychologically. This kind of market situation might repeat itself. Right now, everyone in the market is panicking, so it's better to be cautious and observe first.
Looking at the liquidation situation, BTC, ETH, and SOL are currently mainly dominated by short positions, and the short selling power is quite concentrated. Let's also look at the situation of spot ETFs: BTC has a net inflow of $346 million, ETH has a net outflow of $2.8 million, and SOL has a net inflow of $11 million. Except for ETH, which has low short-term trading volume and people are relatively cautious in selling, most people still choose to observe the situation first. BTC and SOL are being bought, with a relatively positive outlook, especially SOL, which has seen continuous net inflows recently, indicating that institutions are quite optimistic about it.
From the current market trend, the daily chart of the market is still moving sideways. Later at 10 AM, Trump will speak, and everyone should pay attention to what he says, and the CPI data tonight also needs to be monitored. Personally, I believe there will be significant volatility in the market tonight. Before the results are out, I advise everyone to engage in short-term or swing trading.
So, my view on today's short-term trend is:
$BTC is likely to move sideways, with prices fluctuating between 85,000 and 90,000.
$ETH may trend downwards, with price fluctuations between 2,700 and 2,900.
$SOL is also showing a weak overall trend, with prices likely fluctuating between 118 and 127.
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