$BTC
The large pancake retraced to the low point of 1175-1165, a difference of several hundred dollars.
The rebound to the high point of 1192-12004 is also a difference of several hundred dollars!
The long and short positions during this market phase are quite evident. When the market is down, it is indeed down, but when it is up, it is also worth letting it rise more.
The suggested long position established near 1155 should also be able to take partial profits, and the short position at the high level of 1219-1220 should continue to set a trailing stop loss at 12005. This is a key level to stabilize at 12! Prevent significant profit withdrawal if another high or new high occurs.
Currently, it is again a critical point. We will see if the Hermès orange line can form support. If there is support, there is still a chance to go up; if it breaks down, the long position can exit, keeping the short position. (The dynamic take profit for the long position entered around 116 last night was set at 1175.) During the day, just watch for a break and exit!
If the Hermès orange cannot support, the next position is the blue of the life-and-death love! 1138, a spike may reach around 1120. At these positions, there is still a chance to bet on the bullish side.
ETH skyrocketed overnight, very fierce. Regarding its low point at the end of the month and the beginning of the month, a pullback near 3000 can be bought, and if the MACD can form a golden cross, then ETH may again become the light of retail investors! I feel that a pullback to 3000 should not be too difficult. Moreover, betting above 3000 is still quite profitable! Currently, it will lead this ecosystem to rotate. Therefore, ENS, SSV, LDO, and Metis may have opportunities to dominate the rankings again. Everyone can choose one to buy from among them, riding the same wave. For those who have held MAGIC after taking half profit last time, you can wait to buy into some tokens at the low point.
The upward movement of SOL at 176 coincides with the resistance of multiple sell pressures at 175 on the 4-hour line. If the large pancake cannot be supported by the Hermès orange, SOL will also experience a 4-hour pullback!
Since the low point at the beginning of the month was missed, just keep some bullets to wait for next month's low point. There will be low points every month. If one round doesn't work, then two rounds, players with a large total capital can afford to wait. Either hold on, or those who have gained will feel bad, and those who have lost will cut their losses and cannot make big money. Such people will always become the leeks that the capital likes! Contract players cannot benchmark against spot; contracts do not look at price but at levels. Otherwise, it’s just holding onto positions and getting liquidated!
