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103 has temporarily stopped falling and stabilized, as this is the first Fibonacci key position to retrace from the top. The next weekend will be around 1000 points in terms of volatility data:
Let's first analyze the exit situation of contract bulls. Binance perpetual trading has once again cut losses or cleared more than 200 million dollars against the big pancake contract bulls, while Ethereum bulls have cut losses or cleared more than 500 million orders;
Combined with the data of liquidation, the bulls in this round of decline have accumulated liquidation of 1 billion US dollars, and the funding rate has also entered the stage of negative funding rate. Therefore, the liquidation of bulls has basically entered the later stage, and there may be another round of decline to around 100000 yuan for the final short squeeze. Finally, Abraxas Capital's hedging position on HyperLiquid has been fully profitable, and we can also refer to when the institution's hedging position will exit to assist in determining the bottom of this round of decline.
Even Trump said that Dongda's breach of the agreement was stable, and Trump also raised $2.44 billion to buy # BTC. As a result, just after the sanctions against Dongda were announced in the early morning, S&P and BTC fell at the same time, breaking the bottom of 104. Plus 6 o'clock, Trump said to engage in tariffs, and the uncertainty increased again. The US stock market was closed, so BTC took all the responsibilities and continued to fall in shock. The uncertainty of overall tariffs has increased again, and it is already the weekend. We will closely monitor the situation from tomorrow night to Monday during the day, especially during periods of low liquidity. At present, BTC should be able to hold on at around 102-103, as this is the lower edge of the previous oscillation range. Hope there are good events this weekend.
The 2-hour cycle shows that the trading volume of the Black Three Soldiers pattern is extremely shrinking, and the distribution of chips reveals a strong resistance band in the 108860-109573 area. The current price is below EMA24/52, and the medium - to long-term trend is weak. The J value has entered the oversold zone, combined with the RSI double bottom pattern, indicating short-term rebound demand.
However, the price continues to narrow above 103000, and if it falls below, it will open up downward space. Suggest focusing on the effectiveness of 103000 support.
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Operation suggestion:
BTC 103000 long first target to see 104200 second target to see 105500
ETH 2450 long first target to see 2500 second target to see 2580
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Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent AICoin's position or viewpoint and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AICoin, and the consequences shall be borne by oneself.
