Data Analysis:


From the liquidation map, it can be seen that the current concentration of long liquidations is mainly distributed in the range of 82800-84200, while the concentration of short liquidations is mainly distributed in the range of 85400-86800. Based on the current price of Bitcoin around 85200 USD, if it drops to 82800 USD, the estimated cumulative liquidation amount for longs is about 1.5 billion USD; conversely, if it rises to 86800 USD, the estimated cumulative liquidation amount for shorts is about 1.3 billion USD.

Subscription Benefits:
The current subscription price is only 0.8 GT, and the longer the subscription period, the more cost-effective it is! Family members, please activate the subscription to enjoy market analysis trends, as well as trading strategies for spot and contract trading, and a wealth of valuable content. Let's get the subscription going~
The price will return to normal after Labor Day, and the wealth code won't wait for anyone~

Market View:
Currently, the market is still in a tug-of-war between bulls and bears in the short term, and the overall daily level is in a state of consolidation. The main focus going forward is when the market will change its trend. In the short term, I believe that if the market does not change for a long time, we will mainly adopt short-term and swing trading strategies. If the market effectively breaks above 86000, it will move towards 87000, and there is even a chance to reach 88000. As for the market trend, I believe there will still be another wave of upward movement.
BTC-0,57%
ETH-0,7%
SOL1,6%
GT-0,19%
View Original
post-image
post-image
post-image
post-image
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)