🚨4/28 Midday ETH/SOL Market Report🚨
🔶 Yesterday we had a long position near Bitcoin 83690, the article mentioned that there is resistance near 94300, which needs attention. The cautious can reduce positions and switch to break-even. After reaching the 94500 line, a retracement began. Some in the Er family army, after reducing positions, had break-even losses. Now those holding empty positions can pay attention to ETH and Sol, as these two seem likely to have stronger upward momentum later.
🔶 Previously, we went long all the way up from the bottom near 1537, also making a decent profit, with the recent peak reaching the 1857 line. Faced with significant selling pressure above, the price once again returned to today’s 1750 area. Our long positions near 1690–1773 yesterday indicated that the new resistance level at 1817 could not be broken, and further position reduction to break-even was necessary. The price was once again suppressed and declined. For intraday operations, we look for answers in the market:
🔶 The current price is near 1790, where there is some resistance. Long positions can only wait for another retracement before starting to layout. Pay attention to the lower range near 1728–1688 to participate in low longs, observing the resistance near 1790–1840. If it can stabilize, we can continue to look upward.
🔶 The daily level has already entered the cloudy layer; support is near the turning point at 145 and BBI support around 143.6. There is resistance near 160 at the top of the cloud layer. The four-hour level has just touched the cloud top around 144.5 and has started to rebound. Support is at the bottom of the positive cloud near 138.8. Today’s stable entry points can refer to these two points. Specific entry points are around 143.5–138.8, looking at the upper levels 147–148.5–155.5–160. Note that there is a ±0.5 point deviation in entry and exit points.
