A new week, a new beginning~
Briefly reviewing last week's market trends, the overall market was mainly in a wide range of fluctuations, especially with no special news over the weekend, the market was quiet and the fluctuations were smaller. At the weekly level, the market has been in a cyclical sideways trend, which means that the market has not effectively changed its trend over the past few weeks. This week, there are no news that can affect the market trend, especially with the foreign New Year approaching. Personally, I believe that the market will continue to maintain the current sideways trend this week, and the market will be even quieter than last week.
Last week (12.15-12.19) ETF spot institutional fund flows:
BTC net outflow of $497 million
ETH net outflow of about $644 million
SOL net inflow of $66.6 million
From the data, BTC and ETH institutions are not very optimistic in the short term, with net outflows of funds limiting the rise of the market, and the market is in a state of panic. On the other hand, SOL had continuous net inflows last week, with an overall trading volume not very high, but it reflects that institutions are optimistic about future trends and show signs of actively buying and reallocating.
Based on this, I personally suggest buying mainstream coins in batches on dips in the spot market, while contracts should focus on short-term fluctuations. From the current trend, BTC's short-term fluctuation range is 86500-90500, ETH's short-term fluctuation range is 2900-3100, and SOL's short-term fluctuation range is 120-130.
Today's contract strategy:
BTC: Short at 89500 or enter at highs, increase position at 90500, take profit in batches at 87500.
Conversely, go long at 87000 or enter at lows, increase position at 85500, take profit in batches at 89500.
ETH: Short at 3060 or enter at highs, increase position at 3150, take profit in batches at 2950.
Conversely, go long at 2950 or enter at lows, increase position at 2850, take profit in batches at 3050.
SOL: Short at 128 or enter at highs, increase position at 133, take profit in batches at 122.
Friendly reminder:
1. Stop loss suggestions should be set based on personal actual liquidation price and the amount of loss you can bear.
2. Do not be greedy; it is better to take small losses than to resist. If the direction is correct, continue to hold.
