According to the current liquidation map, the market is currently dominated by bulls. Based on the current Bitcoin price around $105,700, if the market rises again to around $107,700, the estimated cumulative liquidation amount for shorts will be about $1.4 billion. Conversely, if the market drops to around $103,700, the estimated cumulative liquidation amount for longs will be about $685 million. In the Bitcoin ETF institutions, it can be seen that yesterday funds were all flowing out, with a total net outflow of about 90 million dollars.
Market View: Market Direction: Mainly bullish in the short term. From the current market trend, it is not difficult to see that the 4H is still mainly in a range-bound consolidation. However, from the daily chart perspective, the market trend can still rise again, especially for Ethereum. The 4H of Ethereum has already broken out of the consolidation range and has risen somewhat. However, the daily chart of Ethereum is still in a range-bound consolidation. Looking at the recent trend of Ethereum, overall, it remains relatively strong and resilient.
I personally believe that if the market can maintain this kind of fluctuation, Ethereum still has the opportunity to generate an independent market trend. This week's news mainly focuses on non-farm data and Trump-related news.
Subscription Benefits: If family members want to eat more than 3,000 points of profit, then ask family members to open a subscription to enjoy the ambush layout in advance. At the same time, there is also a contract strategy of ETH and SOL, it is better to take action, hurry up and subscribe to go~
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SwingingLittleLeek
· 06-03 00:24
Will Ethereum go above 2700 today? I entered at 2520 and plan to dump at 2700.
Data Analysis:
According to the current liquidation map, the market is currently dominated by bulls. Based on the current Bitcoin price around $105,700, if the market rises again to around $107,700, the estimated cumulative liquidation amount for shorts will be about $1.4 billion. Conversely, if the market drops to around $103,700, the estimated cumulative liquidation amount for longs will be about $685 million.
In the Bitcoin ETF institutions, it can be seen that yesterday funds were all flowing out, with a total net outflow of about 90 million dollars.
Market View:
Market Direction: Mainly bullish in the short term. From the current market trend, it is not difficult to see that the 4H is still mainly in a range-bound consolidation. However, from the daily chart perspective, the market trend can still rise again, especially for Ethereum. The 4H of Ethereum has already broken out of the consolidation range and has risen somewhat. However, the daily chart of Ethereum is still in a range-bound consolidation. Looking at the recent trend of Ethereum, overall, it remains relatively strong and resilient.
I personally believe that if the market can maintain this kind of fluctuation, Ethereum still has the opportunity to generate an independent market trend. This week's news mainly focuses on non-farm data and Trump-related news.
Subscription Benefits:
If family members want to eat more than 3,000 points of profit, then ask family members to open a subscription to enjoy the ambush layout in advance. At the same time, there is also a contract strategy of ETH and SOL, it is better to take action, hurry up and subscribe to go~