Today is Tuesday, good afternoon everyone.
Let me start with a side note.
The market has been performing well in recent days, overall trending upwards, and many altcoins have also risen significantly. However, I haven't operated during this entire segment as I've been busy with work and haven't had much time to watch the market. I only fully loaded my spot positions and made some gains.
I traded full-time for almost two months, and the results were not ideal. I only have a few tens of thousands in capital, mainly buying spot, with just one or two thousand in contracts. Overall, I can earn a little money every month, but it’s still less than my salary. Additionally, I’m personally averse to risk and don’t dare to play contracts with all my funds, so I decided to find a job and trade in my spare time.
I don't really recommend everyone to trade full-time, as the pressure is high and the risks are also significant. If you're doing rebates and community membership, that's another story, which is equivalent to having unlimited bullets, and risks don't matter...
Returning to the main topic, market analysis.
$BTC High-level consolidation, about to break through, upper resistance level 95000-96000, key support 92000, overall bullish momentum, but there is a pullback expectation until the 96000 resistance level is breached.
In terms of operation, I do not recommend directly chasing longs. Currently, at the upper track of the range, you can look for opportunities to short for a while. Set stop losses at resistance levels. If you don't want to short, you can wait for the price to drop to around 92000 and stabilize, looking for opportunities to go long, with targets of 96000 and 98000.
$ETH Recently performing well, currently also in high-level consolidation, with resistance at 1840-1860 and support around 1750. Overall, there is strong bullish momentum, and the volatility is relatively large; in terms of operations, consider Ethereum as a priority.
If it successfully breaks through the pressure level around 1860, the first target above can be seen around 1920. In terms of operations, focus on buying low, and make sure to wait for a pullback, do not chase longs directly. Participating in shorting is also fine, but make sure to set stop-losses and don’t hold onto losing positions.
$SOL Currently at a critical position, with resistance around 150-155, short-term support at 145, and strong support below at 135.
If it breaks through the upper resistance level, the bullish target can be seen around 180.
In the short term, it is highly likely to continue adjusting downwards, and should test the support level around 135. In terms of operations, focus on shorting at high levels, looking for opportunities to short on a 15-minute scale.
Personal opinion, for reference only.
