انسٹا فاریکس ٹیم میں لیجنڈ!
لیجنڈ!آپ کو لگتا ہے کہ یہ حیرت انگیز بیانات ہے؟ لیکن ہمیں ایسے شخص کو کیا کہنا چاہئے ، جو 18 سال میں جونیئر ورلڈ شطرنج چیمپئن شپ جیتنے والا پہلا ایشین بن گیا تھا اور 19 میں پہلا ہندوستانی گرینڈ ماسٹر بنا؟ ورلڈ چیمپیئن ٹائٹل کے لئے یہ مشکل آغاز تھا جو وشونااتھ آنند کے لئے تھا ، وہ شخص جو ہمیشہ کے لئے شطرنج کی تاریخ کا حصہ بن گیا تھا۔ انسٹا فاریکس ٹیم میں اب ایک اور لیجنڈ!
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Bitcoin and Ethereum saw significant sell-offs yesterday, prompting the liquidation of large long positions in the futures market. Currently, Bitcoin has slightly recovered and is trading just below $80,000. Ethereum has also gained slightly, hovering around $2,267.
There is a clear predominance of bearish sentiment in the cryptocurrency market, reflected in a significant volume of open short positions across leading assets, including Bitcoin and Ethereum. This trend indicates that the majority of market participants expect further price declines, betting on a falling rate.
The situation appears quite tense, especially considering the potential liquidation volumes. In the event of a sharp and unexpected rise in Bitcoin's price to $87,900, the volume of short position liquidations could exceed $4,890,000,000. Such large-scale liquidations can trigger a snowball effect, further pushing the price up and potentially creating a "short squeeze."
A similar picture is observed with Ethereum. When the price of ETH reaches around $2,500, the volume of short position liquidations could exceed $3,360,000,000. This scenario also carries the risk of a sudden upward price movement, triggered by the mass closure of short positions.
Regarding the intraday strategy for the cryptocurrency market, I will continue to act based on any significant pullbacks in Bitcoin and Ethereum, with the expectation of the continued development of a bullish market in the long term, which remains intact.
As for short-term trading, the strategy and conditions are described below.
Scenario #1: I plan to buy Bitcoin today upon reaching an entry price around $80,100, targeting a move to $80,600. At around $80,600, I will exit the buy trades and immediately sell on the bounce. Before buying on a breakout, ensure the 50-day moving average is below the current price and the Awesome indicator is in the positive zone.
Scenario #2: I can buy Bitcoin from the lower boundary of $79,600 if there is no market reaction to its breakout back towards $80,100 and $80,600.
Scenario #1: I plan to sell Bitcoin today upon reaching an entry price around $79,600, targeting a drop to $78,800. At around $78,800, I will exit the sell trades and immediately buy on the bounce. Before selling on a breakout, ensure the 50-day moving average is above the current price and the Awesome indicator is in the negative zone.
Scenario #2: I can sell Bitcoin from the upper boundary of $80,100 if there is no market reaction to its breakout back towards $79,600 and $78,800.
Scenario #1: I plan to buy Ethereum today upon reaching an entry price around $2,273, targeting a move to $2,294. At around $2,294, I will exit the buy trades and immediately sell on the bounce. Before buying on a breakout, ensure the 50-day moving average is below the current price and the Awesome indicator is in the positive zone.
Scenario #2: I can buy Ethereum from the lower boundary of $2,261 if there is no market reaction to its breakout back towards $2,273 and $2,294.
Scenario #1: I plan to sell Ethereum today upon reaching an entry price around $2,261, targeting a drop to $2,233. At around $2,233, I will exit the sell trades and immediately buy on the bounce. Before selling on a breakout, ensure the 50-day moving average is above the current price and the Awesome indicator is in the negative zone.
Scenario #2: I can sell Ethereum from the upper boundary of $2,273 if there is no market reaction to its breakout back towards $2,261 and $2,233.
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