Today's BTC, ETH, and SOL Market Analysis and Trading Suggestions
Good morning, brothers! Currently, BTC is consolidating at a high level, and everyone is struggling with whether to run or stay, how to operate with an empty or full position.
Recently, many institutions have been bottom-fishing and hoarding BTC, with significant profit-taking positions. There are currently trapped positions above $95,000 waiting for an opportunity to sell, and with the Federal Reserve yet to cut interest rates, the market lacks funds, making it difficult for BTC to break through in one go.
The 4-hour MACD has formed a death cross, with a low yesterday around 91,650. Although it rebounded last night, the current 4-hour MACD is leaking oil, and the downward target is around $BTC 90,600.
$ETH's closing pattern weakened this morning, with lower rebound highs. Yesterday, it retraced to the 1,740-1,720 range, with a morning high of 1,790 that didn't even touch 1,800. The lower support is at 1,720-1,700, and the current pressure with lower rebound highs is at 1,770-1,780. Expect more oscillation and downward movement during the day, and be mindful to see if a bottom-fishing rebound can be made tonight.
$SOL has been emphasizing the 153-155 range these past two days. If you want to reduce your position, you can short. A couple of days ago, someone asked during the livestream about being trapped in the 160-165 range; now that the rebound is close to the break-even price range, you can reduce your position by half. A small loss of 10 dollars is not a big deal. If you entered with a stop-loss, you wouldn't have been trapped for so long. For the lower spot market, pay attention to the 130-133 range; for short-term contracts, the day’s support can rebound around 143-140.
On-chain data shows that over 9,000 BTC have flowed out of Coinbase, with whales continually bottom-fishing, while there is not much inflow of stablecoins to exchanges. Traditional cryptocurrency market funds are limited, which may be the last rebound before interest rate cuts.
For spot trading, those with full positions can sell 30%-50% of their holdings to make a swing; those with empty positions are advised to wait for Bitcoin to adjust to around 90,000 before considering buying 30%. There will definitely be pullbacks in rebounds, so if worried about pullbacks, you can buy in multiple batches. Altcoin positions should be controlled below 30%, and selection should be cautious. If a meme coin is too small and gets pumped, steer clear and don’t catch the falling knife. You can choose public chain sector coins.
The cryptocurrency market is subject to sudden changes, and investing involves risks. Use spare money for investment and think independently.
