The market has once again rallied sharply after a period of dormancy. This upward movement has effectively wiped out most of the short positions below the 85 level. As for those who were liquidated—it's not hard to guess what comes next. Over the past few days, short positions have been continuously squeezed, and many traders are now hesitant to go short, turning instead to long positions. But caution is advised. After such a rally, chasing the trend now would likely lead to becoming just another retail follower. It's better to wait for a minor pullback before making any moves.
Personally, I’ve already exited my long position in Bitcoin, stepping away from the upcoming market volatility. I’m now only holding spot BTC and BNB. If Bitcoin revisits its previous high, I plan to sell half of my holdings (including BNB), while keeping the remainder as part of a longer-term strategy. My focus for this bull cycle is to patiently wait for the next bear market.
Not much more needs to be said about the current market. I do feel for those still holding short positions—they’ve simply chosen the wrong direction. Earlier, tariffs caused sharp drops, while subsequent reconciliations and interest rate cut expectations have sparked strong rallies. A series of favorable macro factors have been driving the surge. That’s why I’ve been emphasizing buying on dips. Following the trend is how real profits are made—momentum creates opportunities.
Today’s Market Analysis:
$BTC (Bitcoin)
Key Support: 102,450 (1-hour level)
As long as BTC stays above 102,450, the bullish trend remains intact.
Upside Targets: 104,280 (previous high), followed by 105,400 – 106,400 – 107,255 if broken.
If it falls below 102,450, expect a retracement.
Support Levels: 100,950 – 99,200 – 97,730
$ETH (Ethereum)
After yesterday’s successful upgrade, ETH posted its strongest single-day gain in recent years.
Key Support: 2,190 (1-hour level)
Staying above this level keeps the uptrend alive.
Upside Targets: 2,245 (previous high), then 2,280 – 2,317 – 2,351
If ETH drops below 2,190, a retracement is likely.
Support Levels: 2,156 – 2,112 – 2,073
$BNB
Key Support: 624 (1-hour level)
Holding above 624 maintains the bullish outlook.
Upside Targets: 629.8 (previous high), followed by 636.6 – 644.6 – 651
Below 624, expect a short-term correction.
Support Levels: 619.7 – 614.7 – 609.3
$SOL (Solana)
Key Support: 161.8 (1-hour level)
Remaining above this level supports continued upside.
Upside Targets: 164.5 (previous high), then 166.9 – 170.5 – 174.4
A break below 161.8 signals a likely pullback.
Support Levels: 158.7 – 154.4 – 150.8
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