Good morning everyone

July has arrived, let's welcome this month's market together.

Data Analysis:
According to the current liquidation map, the market is relatively balanced between long and short positions. Based on the current Bitcoin price around $108,700, if the market fluctuates up or down by $2,000 and rises again to around $110,700, it is expected that the total liquidatable short amount will be about $1.54 billion. Conversely, if the market drops to around $106,700, it is expected that the total liquidatable long amount will be about $826 million.

Market viewpoint:
Market Direction: The short-term continues to oscillate sideways. From the current market trend, the daily level is still in a box range oscillation, and there has not been a significant fluctuation that indicates a change in trend. Therefore, it can be said that the market is primarily in a wait-and-see mode, leading to a relatively calm market with an overall average activity level. As for when a true trend change will occur, we can only observe the subsequent movements.

As for altcoins, the short-term rise is also nearing an end. Whether it can continue to rise depends on the future trend of the market. If there is a significant pullback, then the altcoins will experience an even greater pullback. Conversely, if the market continues to rise, altcoins may still welcome another wave of increase. Therefore, we just need to closely monitor the market trends. Personally, I believe that in terms of contracts, it should still focus on short-term/breakout strategies.

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