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Evening Analysis + Strategy (6.5)
$ETH sol btc
Most mainstream coins are in a bullish position, indicating that most prefer to go long. A one-time contract long position basically won't get liquidated, but a short position might. If you open a one-time short position and the price doubles, you will definitely get liquidated. If you open a one-time long position, you won't get liquidated even if it goes to zero. Therefore, most people are going long.
The upward momentum on the weekly chart has basically exhausted itself by last week.
If it wants to continue to push upwards, a large amount of capital needs to be injected. Given the current position and size of Bitcoin, what is the ongoing logic for it to move up? Ethereum has seen a fourth consecutive week of doji candles. If it can hold this week, I'd consider that really impressive.
From a technical standpoint, last week or the week before should have seen a pullback, but it held up until this week and is still moving upwards, which is very strong, in my opinion. When the first doji appeared, there was already a severe divergence in volume and price. This only represents my personal opinion.
Looking at the weekly chart, the trend of Sol is relatively in line with technical expectations. After two doji candles, it began to pull back, which is expected. Ethereum is above expectations. Technical analysis is just a reference. There are many other factors at play.
Strategy Reference
BTC Short
Entry 105800-106800
Stop Loss 107500
Take Profit 104500-103000
ETH Short
Entry 2665-2715
Stop Loss 2735
Take Profit 2600-2550-2500
$ETH sol btc
Most mainstream coins are in a bullish position, indicating that most prefer to go long. A one-time contract long position basically won't get liquidated, but a short position might. If you open a one-time short position and the price doubles, you will definitely get liquidated. If you open a one-time long position, you won't get liquidated even if it goes to zero. Therefore, most people are going long.
The upward momentum on the weekly chart has basically exhausted itself by last week.
If it wants to continue to push upwards, a large amount of capital needs to be injected. Given the current position and size of Bitcoin, what is the ongoing logic for it to move up? Ethereum has seen a fourth consecutive week of doji candles. If it can hold this week, I'd consider that really impressive.
From a technical standpoint, last week or the week before should have seen a pullback, but it held up until this week and is still moving upwards, which is very strong, in my opinion. When the first doji appeared, there was already a severe divergence in volume and price. This only represents my personal opinion.
Looking at the weekly chart, the trend of Sol is relatively in line with technical expectations. After two doji candles, it began to pull back, which is expected. Ethereum is above expectations. Technical analysis is just a reference. There are many other factors at play.
Strategy Reference
BTC Short
Entry 105800-106800
Stop Loss 107500
Take Profit 104500-103000
ETH Short
Entry 2665-2715
Stop Loss 2735
Take Profit 2600-2550-2500
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
104,354.12
+2.70%
ETH
2,472.88
+2.60%
SOL
148.15
+1.93%