BTC holding blood-stained chips ▏ Trading Notes 2024-4-30

CN
1 year ago

According to Coinglass data, the total liquidation across the network in the past 24 hours was $278.15 million, with long liquidation at $217.6 million and short liquidation at $60.55 million.

BTC, in my personal opinion, I still see it as bullish. Despite the poor closing shape at the end of the week, I still see Bitcoin rising. The price trend is slow, but there is still a lot of room for a substantial increase. EQL, the 60K low point has been swept away multiple times, so this should provide a good reversal here, but there may be a rapid decline at the pressure level to the 60.7K range. Therefore, I will consider re-entering long positions at the 60.7K level, with the target price being the previous high point. In my opinion, this is a good risk-reward ratio order.

The market may become more volatile for a period of time, but I believe the low point will appear before another impulsive trend.

ETH, after testing the pressure zone near 3600, which is the pressure zone for the previous high point, the pressure has been almost exhausted. The support level at 3000 points will be tested again. Personally, I still see ETH reaching 4000 points.

On the first day of listing, 6 Bitcoin and Ethereum spot ETFs in Hong Kong collectively traded about 87.58 million Hong Kong dollars.

According to BlockBeats news, on April 30, the total trading volume of the first batch of 6 Bitcoin and Ethereum spot ETF funds launched in Hong Kong on the first day amounted to 87.58 million Hong Kong dollars, including: Huaxia Bitcoin ETF (3042.HK) reached 37.16 million Hong Kong dollars;

Huaxia Ethereum ETF (3046.HK) reached 12.66 million Hong Kong dollars;

CSOP Bitcoin Spot ETF (3439.HK) reached 17.89 million Hong Kong dollars;

HashKey Bitcoin ETF (3008.HK) had a trading volume of approximately 12.44 million Hong Kong dollars;

CSOP Ethereum Spot ETF (3179.HK) reached 4.95 million Hong Kong dollars;

HashKey Ethereum ETF (3009.HK) reached 2.48 million Hong Kong dollars.

Recording my daily trades, sharing the most timely thoughts and trading details, updated every trading day.

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