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Today's Bitcoin Trading Strategy

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The "extremely imbalanced" futures long-short structure: According to Coinglass data, the ratio of long and short positions in perpetual contracts has risen to 1.8:1, reaching a new high in the past three months. Moreover, the position volume has surged by 12% in a single day to 4.8 billion US dollars - in this "overcrowded" state of long positions, if a liquidation wave is triggered, the price is prone to cause a chain of declines. More importantly, the volume and position volume show a "volume decline and position increase" characteristic, indicating that the current rise is not driven by new long positions entering the market, but rather caused by the passive reduction of short positions by the bears. The risk of a reversal is extremely high.

Today's Bitcoin Trading Strategy

BTC @ sell115000-115500
tp:113000-113500
sl:116500

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