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.

Subscription Benefits:
Welcome family members to activate the subscription to enjoy the early ambush layout together. At the same time, subscribing also includes contract strategies for ETH and SOL. Don't just be tempted, take action quickly and subscribe now~
ETH5.87%
BTC0.49%
GT0.04%
SOL3.97%
View Original
post-image
post-image
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
  • 3
  • Share
Comment
0/400
Falcom1vip
· 07-21 14:04
#TBC# TBC is currently planning to launch its own QR code-based payment system. As I mentioned in Hong Kong, we are already working on this project. It's similar in South Korea; we have already reached an agreement with the Hong Kong government. This will be launched in the next two months, which is exactly the only part we want, that is, everyone who wishes to use the service can access it. A payment system based on Crypto Assets? They should be able to use their own encryption or TBC Token for payments.
View OriginalReply0
StallonePandavip
· 07-21 02:48
Why is there still a shortage in the short positions liquidation?
View OriginalReply0
StallonePandavip
· 07-21 02:48
Hurry up and enter a position! 🚗
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 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)