Data Analysis:

After last night's drop, the bulls have faced a round of liquidation, and currently, the overall market is dominated by bears.
The current price of Bitcoin is 118,000 USD. If it rises to 120,000 USD, it is expected that about 1.595 billion USD of short positions can be liquidated. If it falls to 116,000 USD, it is expected that about 1.684 billion USD of long positions can be liquidated.
The current price of Ethereum is $4540. If it rises to $4640, it is estimated that approximately $1.3 billion in short positions could be liquidated. If it falls to $4440, approximately $800 million in long positions could be liquidated.
ETF Capital Flow (Yesterday)
BTC Spot ETF: Net Outflow of 174 Million USD
ETH Spot ETF: Net Inflow of 63 Million USD
Market Opinion:
Market direction: Fluctuating sideways. From the current market trend, the overall market and Ethereum on the 4H chart are still in a fluctuating sideways phase. The main decline was due to U.S. Treasury Secretary Yellen's statement last night that cryptocurrency reserves would not be purchased and that confiscated assets would be used for reserves. She later clarified and supplemented her statement, which misled the market and triggered panic selling, leading to a rapid decline.
I personally believe that with the decline of the overall market Ethereum, it is actually the right time to gradually enter with spot purchases, especially for popular and liquid mainstream coins. Previously, there hasn’t been much opportunity to enter as the overall market Ethereum rose. Now that it has dropped, it is a good time to plan for buying. As for contracts, it should still follow a steady approach, focusing on swing or short-term trades first, and we will see how it goes after the overall market Ethereum changes direction.
Daily Analysis:
Pay attention to the downside around 116,000 for BTC in the short term, and the upside around 120,000 in the short term.
In the short term, pay attention to the area around 4450 below for ETH, and the area around 4650 above.
Pay attention to the lower range around 186 in the short term for SOL, and the upper range around 198 in the short term.
Contract Strategy:
It is recommended to buy BTC near 117,000 or to buy on dips.
Take profit 118000 119000 120000 Stop loss 116000
On the contrary, it is recommended to short around 119500 or to short on rallies.
Take profit 118500 117500 116500 Stop loss 120500
It is recommended to go long on ETH when it dips to the 4480 range or to buy on dips.
Take profit 4530 4580 4630 Stop loss 4420
It is recommended to go long on SOL near 188 or to buy on dips.
Take profit 192 195 198 Stop loss 186
On the contrary, it is suggested to short around 197 or to short on rallies.
Take profit 194 191 188 Stop loss 200
Friendly reminder: Focus on light positions with low leverage, don't be greedy, it's safer to take profits, better to have a small loss than to hold a position!