BTC｜ SOL Intraday Strategy Sharing (6.24)

Good evening everyone. Due to the overwhelming market news, the significance of analyzing K-line charts has diminished, so I won't ramble on. Let's get straight to the point. The current rebound of Bitcoin is 7,000 points. I don’t know if this is the peak of the rebound, but I know that if it rebounds to around 109,000-110,000, it’s a good opportunity to short, and it’s a long-term short. In the short term, the resistance levels above Bitcoin are 106,500 and 108,800. The downward trend has not been broken, and the daily M-head pattern is quite evident. I still maintain a bearish outlook and recommend shorting around 106,500-107,200, with a target below 102,000!

As for SOL, I don’t have much to say because the overall chart is in a middle position, which is quite awkward. The current environment is very sluggish, and there’s uncertainty on how to proceed and which direction to choose. Any piece of news can lead to sharp rises or drops. The ideal entry point for longing in this round of SOL pullback is 125, with a minimum of 126, which I also missed. However, I believe there will be a second test, and there is significant resistance between 150-160. From May 31st until now, it’s almost been a month. The breakout above 160 was only fleeting, and the pullback at the top of the oscillation zone was not stable. So, I suggest taking it step by step. Currently, the bearish side has a greater chance of winning. I recommend shorting near 150.8-152.6, with a target of below 130. At that time, we can consider contracts for the second test or also buy spot. That’s all for now; let’s see how things unfold tonight! $BTC $SOL