$BTC $ETH $SOL
The bears have one last chance to escape under the logic that cannot support infinite bullets! The pullback space is limited, while the upward space is infinite~~~
Since May 3rd, several important signals need to be monitored regarding the 30f-4H hourly top divergence:
Bearish signals——
1. The 4-hour divergence still has one more intermediate decline to complete this divergence. The price should be between 928-925, in conjunction with the 6-8H return to the zero axis!
2. The 12-hour death cross continues, and the daily death cross forms; in the absence of a significant rise in US stocks tonight, the daily death cross should continue until around the 8th.
3. The 3-day line's return to the zero axis still has a pullback requirement, so there is a limit to breaking down to below 90,000 to reconstruct the 88-86 golden pit support.
Bullish trend——
1. The 5-day line's return to the zero axis golden cross has already progressed to the second one, with the last occurrences being formed at the end of September and the beginning of October in 2023 and 2024, both marking the beginning of the main upward wave.
2. The weekly line is likely to form a golden cross at most in two weeks; if it begins to cross next week, the main upward wave will start in mid to late May, without having to wait until June.
As for where the high point will go? You can refer to the last two instances of the 5-7 day line's return to the zero axis golden cross and its upward magnitude! — at least the new high should be broken!
Therefore, for bears around 90,000, it should not insist on a long bearish trend, and the trading mindset should start to shift. Most people spend their time paying for habits, including myself; the short positions around 92 have been relying on long positions to find different levels of the zero axis with half positions to maintain a consistent mindset (many times it’s not that we don’t understand, but that we are not used to it). When you get used to a certain range, you will choose a comfort zone here, and often you will miss out on the appearance of a one-sided market. So sticking to spot trading first, with contracts to fill is the best option.
Currently, Bitcoin is the strongest; I mentioned in the last analysis that the cost-effectiveness of shorting SOL at the high point is the highest. What about shorting ETH? Not much; if you have short positions, you should exit completely around 1700 and start shifting to bullish! Stop loss at 1650. I still say this. The daily volume at 1380 has surpassed the volume at 8.05, and there’s no reason not to believe there is still a round of explosive growth!
The reason why shorting SOL is said to have high cost-effectiveness is that it has the largest pullback when mainstream coins rise; every time it rises significantly, it will certainly drop significantly. I still hold a short position at 152, watching for 133-123.
