The market has followed the decline of the US stock market and has also pulled back. From the current market trend, it is still in a narrow range of fluctuations during the day, with overall volatility being small. Ethereum and most altcoins are also not optimistic. The market has once again entered a state of extreme panic. It is worth noting that the daily level of the market has been continuously declining over the past few days, and the rebound has been limited. If it falls again, it is likely to break through the weekly level trend.
With the liquidation of long positions last night, the overall market currently sees BTC, ETH, and SOL primarily in bearish conditions. The dynamics of institutional funds for the spot ETF are: BTC net outflow of $313 million, ETH net outflow of $727 billion, and SOL net inflow of $398 billion. This is enough to show that institutions have insufficient confidence in the short term, leading to capital outflow to avoid risks. However, SOL has consistently seen net inflows from institutions, indicating that they remain relatively optimistic and should be monitored more closely.
Currently, the overall market volatility range is between 83500-88000, the volatility range for ETH is between 2800-3050, and for SOL it is between 121-130. Overall, it is biased downwards, suitable for short-term and wave trading at highs. Additionally, pay attention to the release of the US non-farm payroll data tonight.
Today's contract strategy:
BTC: Short at 86500 or enter at highs, increase position at 88500, take profit in batches at 84000.
ETH: Short at 3000 or enter at highs, increase position at 3100, take profit in batches at 2850.
SOL: Short at 128 or enter at highs, increase position at 132, take profit in batches at 122.
Friendly reminder:
1. Stop-loss suggestions should be set according to personal actual liquidation price and personal risk tolerance.
2. Do not be greedy; secure your profits. It is better to have small losses than to resist a losing position. If the direction is correct, continue to hold.
