Good morning everyone


Looking at the daily chart of the main market entering a short-term consolidation sideways, Ethereum and most altcoins have experienced significant pullbacks, which indicates that current market liquidity is fragile and confidence is lacking. However, before mainstream altcoins truly explode, it’s more suitable to give those who haven't accumulated spot holdings a chance to buy in batches. The overall upward trend of the main market structure remains, so it’s still relatively healthy. For now, just keep an eye on whether the structure can continue to hold in the coming days.
Latest news from the US and Iran shows that their leadership is engaged in a "war of words." Since there hasn't been a real escalation of conflict, the market is currently in a quiet period. We should wait to see if there will be any substantial progress later. The market is more focused on whether the support around 80,000 can hold below the main index, because if it breaks down, the upward trend could deteriorate, and market panic may increase. Personally, I still maintain my previous bullish outlook.
Regarding the current liquidation maps of BTC and SOL, they show a relatively balanced long and short position. However, BTC’s long and short concentration is moderate, while ETH is quite special—being dominated by bears with very few bulls, and the concentration of long and short positions is sparse. It’s worth watching whether this will change later, which is also one of the reasons why ETH’s upward momentum appears tired and why the pullback is more significant.
Today’s overall BTC fluctuation range is 80,000-83,000, ETH’s overall range is 2,250-2,360, and SOL’s overall range is 86-90.
Today’s contract strategy:
BTC: Short at 81,500 or on rallies, take profit at 80,000
ETH: Short at 2,330 or on rallies, take profit at 2,260
SOL: Short at 88.5 or on rallies, take profit at 86.5
Warm tips:
1. Stop-loss suggestions should be set based on your actual liquidation price and your ability to bear losses.
2. Don’t be greedy; take profits when you can. Better to take small losses than hold against the trend. If the direction is correct, continue to hold.
$BTC $ETH $SOL
BTC-3.94%
ETH0.19%
SOL-1.37%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
Add a comment
Add a comment
CoolCrazyEmperor
· 05-07 04:05
Steadfast HODL💎
View OriginalReply0
  • Pinned