It's Friday again, hello everyone



Currently, the overall main market daily and 4H levels are still mainly fluctuating, and although Ethereum and other major cryptocurrencies are also fluctuating, the overall volatility is leaning downward and weakening. If the main market pulls back more, most altcoins are likely to drop directly or even accelerate. Therefore, pay attention to the upcoming trend of the main market. As long as the main market hasn't entered a consolidation phase, short-term swing trading is recommended.

From the current liquidation map, BTC's long and short positions are relatively balanced and quite concentrated, while ETH and SOL show a slight advantage for the bears and are also quite concentrated. This explains why ETH and SOL are showing weak trends. Additionally, yesterday, crypto ETF institutions had a net capital inflow of about $10 million, with overall net inflow being relatively small, indicating a cautious and watchful stance. Today is also the expiration date for BTC and ETH options, with BTC's maximum pain point at 72,000, with a notional amount of $8.52B, and ETH's maximum pain point at 2,200, with a notional amount of $1.35 billion. Keep an eye on these.

Regarding the current situation between the US and Iran, the second round of negotiations is already in a poor state, entering a brief vacuum period. Negotiations or conflicts are now the market's focus. Therefore, continue to monitor subsequent news developments. Today, the main market is expected to fluctuate within the range of 76,500-80,000. ETH's short-term fluctuation range is 2,280-2,380, and SOL's is 84.5-88.5.

Today’s contract strategies:
BTC: 77,500 or buy on dips, take profit at 79,000
ETH: 2,290 or buy on dips, take profit at 2,360
SOL: 85 or buy on dips, take profit at 87

Warm tips:
1. Stop-loss suggestions should be set based on your actual liquidation price and your ability to bear losses.
2. Don't be greedy; take profits when possible. Better to take small losses than to hold on and face bigger ones. If the direction is correct, continue to hold.
BTC-1,62%
ETH-3,05%
SOL-2,88%
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GateUser-d2929483
· 04-26 20:13
Going long on the contract is fine, but you have to set your stop-loss yourself, or you'll get wiped out with just one needle.
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YieldTuningFork
· 04-24 11:56
On options expiration day, I usually reduce my positions; the biggest pain point has significant reference value.
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NekoValidator
· 04-24 08:22
Happy Friday, volatile markets are really exhausting.
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GateUser-73ce91f4
· 04-24 02:54
Get in quickly!🚗
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GateUser-4590f4c6
· 04-24 02:42
That liquidation map section is really useful—no wonder the ETH/SOL shorts are heavily concentrated and they’re weak.
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GateUser-dd8dffab
· 04-24 02:38
The range is clearly defined; treat 76,500-80,000 as a box zone for high buy and low sell.
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PixelatedDriedFish
· 04-24 02:37
What do you think about the fluctuations in the late night? The combination of settlement and news factors can easily lead to false breakouts.
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NarrativeCartographer
· 04-24 02:33
Thanks for organizing the strategy. I'll do short-term trades within the range first, take profits and exit, and wait for the market to show a direction before acting.
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TacoTreasury
· 04-24 02:33
ETF net inflow of only 10 million is indeed quite cautious; it seems institutions are still waiting for clearer directions.
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LintCollector
· 04-24 02:29
ETH 2200 pain points + weakness, feel that the rebound shouldn't be too stubborn, take profits around 2360 first.
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