If the direction is right, don't fear the distance; only by holding key positions can you reap big rewards! Pullbacks provide opportunities, but getting on board requires finding the right 'platform'. Without further ado, let's get straight to the point.
Bitcoin (BTC) - Focus on the 'Bull-Bear Watershed': 118040!
What do you think? Simply put, it depends on whether it can firmly stand on the 'platform' of 118040 (look at the 4-hour chart). If it stands firm, then great, the pullback is over and we press the gas again! Looking upwards, first target is 120200, then 121000, with the ultimate target aimed near 123300.
What if it can't hold? If it can't manage to stand above 118040 and keeps hesitating, it indicates that the rebound is weak, and it will need to slide down to find support. At this point, pay attention to 117200, then 116500, and in the worst-case scenario, it could slip to around 115000 to find a 'floor'.
Old Zhu's opinion: Given the current trend, I lean towards it being able to hold up. Why? Look at the recent significant pullbacks; as long as there isn't an unexpected 'black swan', there has been major capital support near key levels (like last week's quick rebound near 116500). Strategically, a stabilization signal near 118040 (like a solid bullish candle) is a good opportunity for low buying; place stop losses just below support for a favorable risk-to-reward ratio. Remember, if the trend isn't broken, don't easily guess the top!
Ethereum (ETH) - Focus of contention: 3628!
What do you think? In the short term (1-2 hour chart), focus on 3628! If it can quickly stabilize, then there is strength to attack upwards, targeting 3680, then 3726, and if ambitions are high, look for 3780.
What if it can't hold? If it can't hold 3628 and breaks down, then be careful and look for support at 3580. If that breaks, then look at 3526, and it could even go near 3504.
Old Zhu's opinion: Ethereum has been somewhat correlated with Bitcoin recently, but its explosive power is occasionally stronger. The position at 3628 is very critical; it is a stronghold that bulls must defend in the short term. I've observed a pattern: Ethereum often makes a sudden upward move when Bitcoin is in a sideways or slightly retracing trend, as long as its technical position holds well (like the big upward candle from the day before yesterday afternoon). So, seeing active buying near 3628 is a good short-term entry point. Of course, if it breaks down, one must decisively exit.
Meme Coin SOL - Lifeline: 192.2!
What do you think? SOL is quite volatile; it depends on whether it can bounce above 192.2. If it can stabilize, it is likely to 'become more volatile' upwards, targeting 196, and if it surpasses that, look for 200, and if it gets crazy, aim for 207.
What if it can't hold? If it can't even stabilize at 192.2, the pullback could also be quite 'volatile'. The key point to watch is whether it can hold 184; if not, then look at 180 and even 178.
Old Zhu's opinion: The volatility of SOL is all about the thrill! 192.2 is an important marker for short-term strength. I've noticed that SOL often surges when market risk appetite is high and funds are active (like yesterday morning with good news). But once the market weakens or Bitcoin is unstable, it can drop quickly (remember last month's 'flash crash'?). So, when trading SOL, actions near key levels must be quick, and stop losses must be decisive! Above 192.2, small positions can be taken to accelerate, but if it breaks down, beware of risks.
Prices are fixed, but the market is alive! The above key points are drawn by Old Zhu based on the current market situation, but sudden changes in the market are common. Want to know Old Zhu's exclusive interpretation and precise strategies for sudden market movements in real time? Don't go away, keep an eye on Old Zhu's updates; we can chat about opportunities and risks anytime.