BTC maintains high-level fluctuations intraday, with the 4-hour level still showing a strong bullish pattern, and there are no signs of weakening. It is advised not to stubbornly short on the left side, nor to feel that the rise has reached its peak.
The most feared thing in trading is when subjective thinking deviates from the objective market, yet still holding onto a glimmer of hope.
The current position has made many people, especially those who missed this surge, feel that Bitcoin shouldn't rise this much, leading to retaliatory short positions. At this moment, they are either already liquidated or still stuck in short positions, waiting for some negative news to crash the market and free their positions.
At the current position, it may feel a bit 'fear of heights' for those bulls who haven't entered yet. The more it feels like this, the more prone it is to FOMO.
Back to the market, the views and previous texts have not changed much, transitioning from a strong upward trend to high-level fluctuations. Under the premise of few small-level pullbacks, it’s advisable to enter and exit quickly at the upper and lower edges of the fluctuations. Pay attention to the pullback near the trend line.
Several positions to pay attention to
Support position
First position 101830
Second position 100200-100000
Third position 99780-99000
Resistance position
First position 105600-106400
Second position 110000
Third position 114130
ETH continues to show a one-sided rise intraday, but we can see small levels of volume increase, and some bulls are starting to take profits. Small level pullbacks are beginning to appear near the expected resistance. It is highly likely to transition into a fluctuation range. Therefore, the view remains consistent with previous texts. Look for low entries on pullbacks, seeking good risk-reward positions.
$ETH
Several positions to pay attention to
Support position
First position 2255-2275
Second position 2208
Third position 2120
Resistance position
First position 2540
Second position 2689
Third position 2855
SOL
After breaking through the high point upward intraday, it has pulled back. Small levels have expectations of a pullback. The view remains the same as before, maintaining a high-level sideways movement, accumulating energy for a breakout. The short-term bull-bear dividing line is 154.
$SOL
Several positions to pay attention to
Support position
First position 162.7
Second position 158
Third position
Resistance position
First position 176.5
Second position 188.8
Third position 200
Doge rose and fell intraday, completing a false breakout of the previous high. It also tested the lower edge of the fluctuation range after the previous decline.
Small levels have expectations of a pullback. The intraday performance is slightly weak, and the subsequent pullback will be deeper than other mainstream coins.
Regarding the support expectations for Doge, it is comparatively lower than other coins.
$DOGE
Several positions to pay attention to
Support position
First position 0.213
Second position 0.2
Third position
Resistance position
First position 0.24
Second position 0.27
Third position
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