11:15
In the Bitcoin move on Saturday and Sunday, we paid special attention to the descending trend line below. Before returning to the trend line, Long plan is not ideal, as another decline and a test of support at 40,500 is possible. However, instead of falling as expected, the price broke through and successfully retraced, rising all the way. The suggestion is that once it holds above the trend line, a bullish structure can be expected.
Observe the orders on the left, there are Mage, LTC and OP, etc. For Mage, the key support is at 1.04 with around 1.17 observed online. LTC's support level is 72 and 75 is observed. OP has a breakthrough at 0.618 and needs to be watched. While Mage and Bitcoin charts are similar, they are not identical. Rebound 13% profit at this position is feasible and also in line with expectations for LTC, while the OP is relatively stable.
Overall, many single periods have achieved good profits, including OB more, and scraping from low to high points can get a 4% return. For LTC and OP, there are also certain profit opportunities, but relatively few.
On the Bitcoin side, a larger cordon is observed, with the price around 46,300. Around 5,000, the funding rate and liquidation chart data are of concern. The liquidation chart shows that nearly 600 million short positions around 40,000 will be liquidated. The heat map shows that there is no grass. It is recommended to hold Long Position in batches, leaving 25% of the Position close to the target level.
For the passage of ETFs, the market is expected to rally sharply, but it may usher in a correction after the rally. It is difficult to predict the trend after consolidation, so it is necessary to pay attention to risk control. After the breakout of the box formed by Bitcoin, there may be a retracement, and then continue to rise or fall. Short below 46,600 is recommended to set a stop loss.
Overall, trading on the left side that is too subjective can be risky. When the Main Rising Wave or trend starts, don't be too short. Risk Management is key in trading.

