October 14 BTC/SOL/ETH Market Analysis: Continuous Rain After the Storm
Yesterday, Bitcoin slightly surged again but did not reach our short position at 116200. This morning, it moved down again, and currently, the key daily level has not been breached. We need to be wary of a slow decline that could lead to a sharp drop. Therefore, today we maintain our view from yesterday: Bitcoin has not surpassed the middle track of the daily line and will likely test the lower track again, aiming for the current lower track at 106000.
$BTC Bitcoin's short-term support today is at 112200-111900; if it rebounds here, we need to continue looking for short positions. If the short-term resistance at 114100 holds, then the resistance levels are at 115200, 116200, and 116800. Above 116200 are relatively good short entry points.
$SOL Solana's short-term support today is at 197; if it breaks this level, it will head towards the 185-187 range. The upper resistance is at 215. The strategy is to continue looking for short positions.
$ETH Ethereum started to pull back at the pressure level of 4275 we provided yesterday. Today's short-term support is at 4078 and 4000. The upper resistance at 4195 is where the support and resistance might switch; if it goes up, the pressure levels at 4258 and 4315 are areas to consider for shorting.
In summary, after a violent downward correction is complete, Bitcoin has not broken through the key position, which means there is no substantial change, and it still cannot escape the fate of testing the lower track again. Recently, the strategy should focus on small rebounds and holding short positions. (Follow the department head for daily updates on market analysis and precise entry points. Long and short positions are for reference only, with strict stop-loss and take-profit measures. The department head's exclusive discount code is KEZHANG888.) #加密市场反弹