Strategist Night Analysis: (Issue 89) BTC/ETH/SOL
Be cautious when chasing high prices in the tail-end market; there is no sign of a reversal. The strategist believes this is merely a retaliatory rebound after several months of decline. Looking at the overall market projects, many quality altcoins have not yet entered the main upward wave, and the altcoin whales are also not optimistic about this wave taking off!
Once this wave of adjustments is complete, the next phase will see many coins starting to move.
The strategist predicts a high probability of market divergence occurring at the end of the month. Personally, I have maintained a wait-and-see approach, only operating in markets that I understand.
Bitcoin: Focus on the rising trend line between 78,000 and 102,000; as long as it doesn't break, there is a possibility of continued upward movement. If it breaks the rising trend line, it will be completely over.
Currently, if the price effectively drops below 104,000, it will be considered the end of the trend.
Ethereum is in an overbought state: a pullback to the rising trend line is the ideal entry point.
The price is in the range of 2,100 to 2,200.
SOL has a similar pattern to Bitcoin: the rising trend line is providing strong support.
If it breaks below 160, the rising trend will no longer exist, with the ideal pullback position around 140.
Currently, it is recommended to wait and not panic about missing out; your thoughts are what the whales deliberately create for you. Hold your hands and wait until the decline is over to minimize risk! Otherwise, getting stuck at the peak could result in a loss of over 30% in a pullback, which is not worth it!
