The market has once again returned above 90,000, becoming optimistic and active, with only a slight increase in market activity. The sentiment has shifted from extreme panic to a state of fear. Currently, the market is overall in a consolidation phase, and the rebound mainly relies on the important statement made by Trump last night, primarily regarding the selection of the next Federal Reserve Chair, which aligns with the market's expectations for positive news.
Last night, the market rose, clearing a wave of short positions. The current clearing map shows that bulls are still dominant and relatively concentrated. In the ETF spot market, BTC had a net outflow of $61.6 million, ETH had a net inflow of $78.8 million, and SOL had a net inflow of $45.7 million. It can be seen that institutional trading volume is not very high and is overall cautious, so we need to pay more attention to the dynamics of institutional funds in the future.
Let’s talk about the result: bullish. The overall market still has a chance to continue rising. The next focus is whether the market can truly hold the 90,000 level, which is also of significant concern to the market. After all, the last time the market consolidated around 90,000, it pulled back. Will this happen again? We need to confirm further. Personally, I want to say that the current overall trend of the market is still downward. If the market can break through and stabilize at 95,000, it will easily find a new direction.
Therefore, the market will fluctuate in the short term between 90,000 and 94,500. ETH will fluctuate in the short term between 2,950 and 3,120, while SOL will fluctuate in the short term between 136 and 144.
Short-term contract trading strategy:
Go long on BTC at 91,500 or enter at a dip, add positions at 90,000, and take profits in batches at 94,000.
Go long on ETH at 3,000 or enter at a dip, add positions at 2,930, and take profits in batches at 3,100.
Go long on SOL at 138 or enter at a dip, add positions at 135, and take profits in batches at 143.
Kind reminder:
1. Stop-loss suggestions should be set according to personal actual liquidation price and the amount of loss one can bear.
2. Do not be greedy; securing profits is better. It’s preferable to incur a small loss than to hold against the trend. If the direction is right, continue to hold.
