#SOL SOL has previously mentioned that it is undergoing a wedge adjustment. The current trend of SOL is much stronger compared to BTC and ETH. Although there has been a decline, it is still within the wedge and has not broken below the support level of 132, showing signs of repeated testing and potential bottom formation. If the market rebounds, SOL may experience a rapid surge, so everyone can pay attention to it.
#BTC走势分析 Yesterday's article mentioned that BTC has a resistance in the 93k-94k range, which is worth paying attention to. As a result, BTC quickly broke down after being blocked at 93k and also fell below the next key support level of 88k that I mentioned! It's very dangerous! Now, whether BTC can recover above 88k is crucial. In an earlier article, I also mentioned that if it breaks below 88k, I will be looking at 76k for the BTC weekly trend. Now, everyone needs to focus on whether the 88k range will show a false breakdown and a strong rebound; otherwise, we really need to be very pessimistic, as the bear market will truly be upon us.
$ETH#ETH ETH mentioned yesterday that a small resistance to refer to is the 3050 position. It was also blocked and fell to the key support level of 2800 that I mentioned, and Ethereum is currently consolidating. Yesterday, in terms of trading strategy, I also did not advise everyone to go long on Ethereum! Now the focus is on whether Ethereum can hold at 2800.
$ETH Currently, ETH needs special attention on two resistance levels. The first is at 3230, which has been challenged many times and is also near the 0.618 level. Of course, there is also a smaller resistance to reference, which is the current position of 3050. The key support below is at 2800. ETH has shown a rebound now, but it is still in a weakening trend. ETH has not created higher highs, and the previous highs have not been broken. Shorting strategy: A low-risk operation still suggests that everyone should consider shorting at highs and pay attention to the two resistance levels. The key for ETH is to focus on the subsequent trends. If it breaks the previous high of 3167 and does not create a lower low upon retracement, and then breaks 3250 without creating a lower low upon retracement, then ETH will show a trend reversal upwards.
$BTC #BTC Pay attention to the support I mentioned for BTC on the daily chart, which is currently showing a rebound. You can monitor the upward trend line and the resistance area above. If BTC does not close above 100,000 in the upcoming period, it will likely test the bottom again. If BTC faces no resistance and breaks through the resistance to close above, then the trend will reverse. The key area to focus on now is the performance in the range of 98,000-100,000. The three key levels to watch are the current support, the support at 76,000, and the resistance at 100,000 above. On a smaller scale, BTC has a resistance in the range of 93,000-94,000, which can be monitored. Operation strategy: Focus on the price level of 100,000. If BTC rebounds to 100,000 and faces resistance, showing a short signal, I will short BTC.
#eth ETH is very close to the important weekly support near 2800, and currently it is still consolidating slightly, with no beautiful trading opportunities. Therefore, I do not recommend everyone to engage in high-frequency trading; it is best to wait for a clear signal before opening a position. Currently, the two resistance levels that ETH needs to pay special attention to are the first at 3230, which has been challenged many times. The key major resistance above is at 3380, which is also the 0.618 level. The key support below is at 2800, and there is also a minor support reference at 3050. ETH has not created a lower low at this position, and there is a beautiful hammer candlestick at the bottom. However, ETH is still in a weakening phase; it has not created a higher high, and the previous highs have not been broken. Short selling strategy: A low-risk operation still suggests everyone to short at high points, paying attention to the two resistance levels. Long buying strategy: If one must go long, they can open a small position near 3050, but if it drops below 2940, they must cut losses! The key for ETH is still to pay attention to the subsequent trends. If it breaks the previous high of 3167 and does not create a lower low on the pullback, and then breaks 3250 without creating a lower low on the pullback, then ETH will show a trend reversal upwards.
#btc Pay attention to the support I mentioned on the BTC daily chart. If it holds and a rebound occurs, you can watch for the upward trend line and the resistance area above. If the upcoming BTC does not close above 100,000, it will likely test the bottom again. If the upcoming BTC does not face resistance and breaks through the resistance, closing above, then the trend may reverse. The key areas to focus on now are the performance in the 98,000-100,000 range. Currently, the three key levels for BTC are the current support, the support at 76,000, and the resistance at 100,000 above. On a smaller scale, BTC has a resistance at 95,850 that can be noted. Operation strategy: Pay close attention to the price level of 100,000. If BTC rebounds to 100,000 and faces resistance, showing a short signal, I will short BTC.
$SOL SOL is currently testing the bottom of the weekly support area. It appears to be undergoing a wedge adjustment. Traders on the left side can go long with stop-loss at the previous low, and the risk-reward ratio is favorable. Pay close attention to the price performance at 150 and 170.
$ETH The previous article on ETH also mentioned to pay attention to the previous low around 3050. Today, ETH quickly rebounded after a false break below 3050, and friends in the group have also taken some long positions, currently yielding good returns. What needs to be focused on for ETH at the moment is the price performance at the 3230 level. I will pay special attention to the area around 3350, which is also the 0.618 level, to see if there are opportunities to short.
$BTC The previous article mentioned that BTC has currently broken through key support and the upward trend line without recovering, which is a very dangerous signal. Currently, BTC is testing important support around 94000 and has started a slight rebound. What needs to be closely monitored is the position around 98000. If the upward movement shows weakness, this is a good point for shorting. On the hourly chart, it is currently in a fluctuating range. For those looking to trade short-term, you can follow the box range trading rules of selling high and buying low. Overall, the daytime market is relatively boring.
BTC has now fallen below the key support and upward trend line previously mentioned, and yesterday's daily closing was below 95000, which is actually a very dangerous signal. The next key area will be looking at the price level of 90,000. If this support breaks, the weekly chart will directly look towards a range of 70,000.
#btc Called for a week to short at highs, and each time it accurately approached the previous high before crashing. The market has once again proven that my view is correct. It's been a hat trick three times already (Your Majesty, it's playing you!)
#SOL SOL said yesterday that it can go long after reclaiming above support. It surged yesterday and has now pulled back to yesterday's position. Brother, our paths intersect again. Will the outcome be the same as last time?
#BTC $btc Short at the highs, short at the highs! I've been shouting for many days, the trend is exactly the same. Yesterday, it was suppressed and fell near the trendline, entering a short position again. So satisfying. In the morning, there were fluctuations in both directions in the news. Can BTC recover above 102300?
#SOL SOL has been mentioned before; as long as BTC rises or remains stable, there is still a considerable chance for SOL to rise. However, with BTC's decline, the big brother has fallen, and the little brother must follow suit. I also informed everyone earlier that if SOL falls below 162, long positions should exit. Yesterday, after SOL broke below 162, it also caused a flood of selling. For those who have read my previous articles, the losses could have been significantly less. Currently, SOL has once again arrived at the weekly support area below and is at the bottom of the channel. The price action in this area needs to be closely monitored! Long Strategy: Currently, SOL is a doji star. If SOL can regain support, coupled with a bullish signal K, a long position can be considered, with stop-loss set at the previous low. Short Strategy: It is not a good time to short SOL unless BTC crashes again because the support below SOL is the weekly support I have repeatedly mentioned, which is not easily broken.
$ETH Yesterday I mentioned that the rise of ETH does not mean a reversal. During the day, ETH's performance was stronger than BTC. Before I went to rest in the evening, I told the friends in the group who were preparing to work overnight to pay special attention to BTC's performance. If BTC breaks the support, it will definitely lead other altcoins to plummet rapidly. Sure enough, ETH began to fluctuate, and once BTC broke down, ETH quickly dropped, currently around the support of 3420, starting to rebound. Long strategy: Currently, ETH is starting to fluctuate, suitable for short-term long positions at support levels, in and out quickly. Short strategy: I still focus on shorting; currently, my ETH short position at 3607 has already made over 4 times profit.