Military Advisor's Market Analysis: (Issue 93)
First, let's take a look at the liquidation chart. Yesterday, 59800 liquidated 5 billion long liquidity, which is really too fat! 58500/2 billion, 58000/2.3 billion, 57300/2.5 billion, 56700/1.7 billion were liquidated in turn, and there are nearly 10 billion liquidity below.
Recently, the violent bull bulls have increased their positions a bit fiercely, and the final liquidation is around 56500.
Let's take a look at the data of Bitcoin ETF. Yesterday, there was a net outflow of 120 million US dollars.
This outflow is gradually increasing, and it fell below 60,000. American investors began to panic.
Today is Friday, the last day of this week.
It is predicted that there will be another wave of net outflows in the evening, and there is a probability of further decline in the market in the evening!
The funding rate began to turn from long to short, and the market began to move in a short trend. .
The holding volume is 33 billion. The price has fallen so much that the holding volume has decreased by 200 million, which means that there are many people who buy at the bottom at this position. Many people who buy at the bottom also indicate danger and further decline.
Let's take a look at the Bitcoin market:
Bear trend, it is recommended to short at highs!
Self-reflection: This wave of bearish trend peaked at 66,000 and fell 60,000 to rebound to 64,450.
I thought it was a rise of 3 waves, but it was actually a fall of 2 waves, and the reaction was 2,000 dollars slower.
So the subsequent shorting is not so smooth, and 60,000 is still on the sidelines.
Now re-sorting, the bearish trend has passed more than half.
59,000 here belongs to the second wave and has ended!
There is still a third wave that can fall back to around 57,000, which is a good opportunity for us to get on board. .
