On April 29, based on comprehensive fundamentals and technical analysis, I believe there is a risk of a market top❗️❗️
Yesterday, Bitcoin and Ethereum first went long and then short, the operation was perfect. Congratulations to all the followers who kept up; altcoins also made profits. All my followers know that there have been no stop-loss orders recently!!!! We have been continuously winning! Today, I will continue to operate cautiously and seize the market trends!
Yesterday, the closing of the US stock market was too strong. I initially wanted to push down, but that will be postponed. However, shorting at highs remains the best solution. Although the buying volume of the spot ETF last week performed well, the buying power is clearly declining. Without clear positive news, many institutions and whale investors have chosen to wait and see! Today, the daily line did not break below the EMA 7-day line (support), and the daily line rose again in the morning with a longer lower shadow. The Bollinger Bands are slightly opening. The price of the coin is running below the upper band. Yesterday, it rebounded over two thousand points after hitting a low. The KDJ is also moving upward for the second time, and the MACD dual lines are moving up, with trading volume gradually decreasing. The daily line still has a demand for pullback. The coin price has not broken through the previous high, posing a risk of capital withdrawal. Everyone should be cautious about chasing the rise. If it stabilizes at 93,000, I will continue to be bearish. If it stands firmly at 95,400 today, I will look for small upward opportunities. If it does not stabilize, I will continue to see if there is a top model. The rise is in the range of 96,350-96,533, and the second resistance level is 97,550 (the maximum position for the next round of rise, with low probability of going up). The support level for long positions is at 92,283.
Ethereum resistance at 1,849, support at 1,745. If Sol breaks below 144 support, continue to be bearish, resistance at 150.
