The market as a whole is surging to highs. It’s still not the time for blindly chasing a one-way move at $BTC
Yesterday’s surge got people excited—its low touched 76151 before it was directly pulled up to 82282. That made some retail investors and “rookies” think a bull market had arrived, so they chased in blindly. Now most of them are already trapped, and even those who shorted at lower levels have ended up right in the trap.
$ETH
Based on on-chain fund flow data, I’ve found that short-term funds for derivatives contracts are still continuously flowing in. Over the last 12 hours, net inflow into futures contracts reached 1 billion USD. But spot markets have started moving outward instead, which suggests that many large players are taking the opportunity while prices are pumped to slowly distribute. The liquidation data also confirms this: long liquidations totaled 251 million, meaning the shorts got washed out. At the same time, the strength of the longs is starting to weaken.
#美国初请失业金人数升至20.6万
And the news-driven narratives are also starting to diverge. On one side, a giant whale placed over 100 million USD in a buy order around 76700 to front-run a bottom and exit early with profits. On the other side, a big player chose to clear out around 82000 and immediately flip to short. Meanwhile, the market is also spreading stories about an Asia Bitcoin cycle starting up, with the probability of Fed rate hikes seemingly split 50/50—so both bulls and bears have something to talk about.
The chart is now quite clear: after the spike to the upside, prices are gradually coming down. The strong resistance overhead is 83000~86000, while 79500 is short-term support below. At this current level, the risk-reward isn’t great, and it’s not suitable to chase higher directly. More conservatively, it’s better to wait for a pullback before considering a setup.
#美国续请失业金人数降至177.9万
Yesterday’s surge got people excited—its low touched 76151 before it was directly pulled up to 82282. That made some retail investors and “rookies” think a bull market had arrived, so they chased in blindly. Now most of them are already trapped, and even those who shorted at lower levels have ended up right in the trap.
$ETH
Based on on-chain fund flow data, I’ve found that short-term funds for derivatives contracts are still continuously flowing in. Over the last 12 hours, net inflow into futures contracts reached 1 billion USD. But spot markets have started moving outward instead, which suggests that many large players are taking the opportunity while prices are pumped to slowly distribute. The liquidation data also confirms this: long liquidations totaled 251 million, meaning the shorts got washed out. At the same time, the strength of the longs is starting to weaken.
#美国初请失业金人数升至20.6万
And the news-driven narratives are also starting to diverge. On one side, a giant whale placed over 100 million USD in a buy order around 76700 to front-run a bottom and exit early with profits. On the other side, a big player chose to clear out around 82000 and immediately flip to short. Meanwhile, the market is also spreading stories about an Asia Bitcoin cycle starting up, with the probability of Fed rate hikes seemingly split 50/50—so both bulls and bears have something to talk about.
The chart is now quite clear: after the spike to the upside, prices are gradually coming down. The strong resistance overhead is 83000~86000, while 79500 is short-term support below. At this current level, the risk-reward isn’t great, and it’s not suitable to chase higher directly. More conservatively, it’s better to wait for a pullback before considering a setup.
#美国续请失业金人数降至177.9万
回踩支撑继续做多
45%
上方压力逢高试空
55%
178 votes • Voting closed
