Good morning everyone, a new week brings new beginnings~
From the current market trend, it is evident that the market is still in a downward fluctuation with no strength to rebound, remaining in a relatively weak and gloomy state. Meanwhile, the current liquidation map shows that BTC, ETH, SOL, etc., are primarily bearish and quite dense. Therefore, I personally believe that the overall market will continue its downward trend.
Looking at the weekly level, it can be seen that the overall market has mainly been in a sideways fluctuation over the past few weeks. Without absolutely sufficient news to influence the market trend, it is still difficult for the market to break out of the weekly sideways trend, especially as the end of the month approaches, which is likely to be even harder. Foreigners are basically entering the New Year mode, and the market will only become colder and more sluggish. This week, we will focus on the US CPI and the Bank of Japan's news.
At this moment, the market is slightly rebounding, but I personally believe the rebound strength is relatively weak, more suitable for short-term fluctuations. Today's market trend is slightly weak, with a short-term fluctuation range of 86000-90500. ETH is still in a box fluctuation based on the daily and 4H trends, which is relatively strong, with a short-term fluctuation range of 3000-3180. SOL's trend is relatively average, similar to the market, so the overall short-term fluctuation range is around 126-134.
Short-term contract trading strategy:
Short BTC at 90000 or enter on the rise, add at 92500, take profit in batches at 87500.
Conversely, go long at 87000 or enter on the dip, add at 85000, take profit in batches at 89500.
Short ETH at 3150 or enter on the rise, add at 3250, take profit in batches at 3000.
Conversely, go long at 3050 or enter on the dip, add at 2950, take profit in batches at 3150.
Go long SOL at 129 or enter on the dip, add at 126, take profit in batches at 133.
Conversely, short at 133 or enter on the rise, add at 136, take profit in batches at 129.
Friendly reminder:
1. Stop-loss suggestions should be set according to personal actual liquidation price and the capital loss that one can bear.
2. Do not be greedy, securing profits is safer; it’s better to incur a small loss than to hold a losing position. If the direction is correct, continue to hold.
