Today's BTC, ETH, SOL Market Analysis and Trading Suggestions
Good morning, brothers! Currently, BTC is consolidating at a high position, and everyone is struggling with whether to run or stay, how to operate with empty or full positions.
Recently, many institutions have been bottom fishing and accumulating BTC, and there are quite a few profit-taking positions. Currently, there are trapped positions above $95,000 waiting for an opportunity to unload, and the Federal Reserve has not yet cut interest rates, making it difficult for BTC to break through in one go due to a lack of funds in the market.
The 4-hour MACD has formed a death cross, with a low around 91,650 yesterday. Although it rebounded at night, the current 4-hour MACD is showing a leaking oil pattern, with a downward target 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, and the early morning high was 1,790, not even reaching 1,800. Pay attention to the support below at 1,720-1,700, and the current pressure at 1,770-1,780 due to lower rebound highs. Expect more fluctuations and downward movement during the day, and watch out for a potential bottom-fishing rebound in the evening.
$SOL has been emphasizing the 153-155 range these past two days. If you want to reduce positions, you can short. A few days ago, a friend asked during the live broadcast about being trapped in the 160-165 range. Now, as the rebound approaches the cost price range, you can reduce your position by half. A small loss of $10 is negligible; if you entered with a stop-loss, then you wouldn't have been trapped for so long. For spot trading, pay attention to the 130-133 range, and for short-term contracts, support can be around 143-140 for a rebound.
On-chain data shows that over 9,000 BTC have flowed out of Coinbase, and whales continue to bottom fish, while the inflow of stablecoins to exchanges is not much. The funds in the traditional crypto world are limited, which may be the last rebound before the interest rate cut.
In terms of spot trading, those fully invested can sell 30%-50% of their positions for swing trading; those with empty positions are advised to wait for Bitcoin to adjust to around 90,000 before considering buying 30%. There will surely be a pullback after the rebound, so if you're worried about the pullback, you can buy in multiple batches. Keep altcoin positions below 30%, and be cautious with selection. If a very small meme coin rises, it's better to avoid it and not take the bait. Choosing coins from the public chain sector is advisable.
The crypto market is changing rapidly, and investment carries risks. Only invest with spare money and think independently.