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Data Analysis:
According to the current liquidation map, the market is still dominated by shorts. Based on the current Bitcoin price around $117,200, if the market fluctuates up or down by $2,000 and rises again to around $119,200, the cumulative amount of shorts that can be liquidated is expected to be about $654 million. Conversely, if the market drops to around $115,200, the cumulative amount of longs that can be liquidated is expected to be about $1 billion.
Market View:
Market Direction: The daily chart is overall in a slightly downward oscillation range. From the current market trend, it is in a slightly downward oscillation phase, and the overall fluctuation is not very large. However, it is necessary to pay attention to whether it will break out of the oscillation range. Once it breaks down, risks need to be noted. As for Ethereum, the daily chart is still in an upward trend. Even if the market adjusts, Ethereum still shows strong performance. Regarding Ethereum's rise, strong altcoins have already followed Ethereum's upward trend, with significant gains as well. Therefore, the market is also in a state of greed.
I personally believe that more attention should be paid to the overall market and Ethereum. Once the overall market truly changes direction, it will also affect Ethereum's trend. With Ethereum experiencing a one-sided rise during this period, it is increasingly important to be aware of the risk of a significant pullback, as the market cannot keep rising indefinitely; this is a rule. Therefore, I still suggest focusing on short-term contracts or swing trading recently, keeping a good stop-loss, and maintaining rationality. This week, the key news to watch is the developments in U.S. cryptocurrency regulations and Trump's dynamics regarding tariffs, among others.
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