Bitcoin continued to surge violently with increased volume last night, and it can be seen that each surge has a significant decrease in open interest. This means that there are continuously people shorting during the rise, and they are getting liquidated, resulting in active buying during the increase, supporting further surges.
Currently getting closer to the historical high. Since we have already increased volume to this position, there is a high probability of testing the previous high. Remember not to short at this point.
Chase the trend, not the highs. Be patient and wait for opportunities to buy low during corrections, following the overall trend.
Several positions to pay attention to
Support position
First position 101830
Second position 100200-100000
Third position 98980
Resistance position
First position 105600-106400
Second position 110000
Third position 114130
ETH has truly been the most outstanding player in the market these days. After being criticized for a year for being unresponsive, it finally started to show strength after the upgrade.
Those who sold below 1800 on-chain are now suffering. This week, I started warning that ETH no longer shows weakness and advised caution in shorting. Ultimately, it gave quite a surprise. After all, a 20% increase in a single day is hard to recall when it last happened. Similarly, there is no advice to chase the highs in the short term. Wait for a retracement to enter long.
The current position has shown a high volume doji in the evening. Short-term long and short positions are starting to become stalemated. A volume breakout of the yearly downtrend line may mark the turning point for a new bullish trend.
Future expectations for ETH could even be higher. Therefore, short-term long and short thinking needs to make some adjustments.
Several positions to pay attention to
Support position
First position 2208
Second position 2120
Third position 2030-2000
Resistance position
First position 2540
Second position 2689
Third position 2855
SOL has perfectly developed a bullish flag continuation structure and ultimately completed the delivery at a large-scale support-resistance switch position. The expected position was around 165, which has been exceeded. After all, the acceleration phase of the rise has too many uncertainties.
The entire surge is also very strong, with no hesitation at all. There is no advice to chase the highs at the current position. Like Bitcoin, wait for a retracement to enter long, which requires a little patience.
Several positions to pay attention to
Support position
First position 162.7
Second position 158
Third position 154-152
Resistance position
First position 176.5
Second position 188.8
Third position 200-205
$doge
As the saying goes, 'when one person achieves the Dao, even the chicken and dog rise to heaven.' DOGE is passively lifted by the altcoin leader ETH. The small-scale increase shows some weakness in volume and price increase.
However, it ultimately completed the test near the upper edge of the large-scale range around 0.21. There is an expectation of a short-term retracement, and there is still no advice to chase the highs. Be patient and wait for the market's adjustment. There will still be opportunities to follow the market for a breakout upwards.
Several positions to pay attention to
Support position
First position 0.195
Second position 0.189
Third position 0.183
Resistance position
First position 0.213
Second position 0.219
Third position 0.242
