How many brothers got fooled by this 'playing dead' rebound in the afternoon and chased the highs? Wake up! This market plays 'daytime fishing, nighttime harvesting'! What you think is 'the night before takeoff' is often a trap set by the market makers! Don't let the sunlight blind your eyes; the real gold hunting ground is in the deep night!
Bitcoin (BTC):
Current situation: On the daily chart, Bitcoin looks like a child who refuses to get out of bed (unable to break through the consolidation range). In the smaller time frames (like 1 hour, 15 minutes), it bounces up and down like a trampoline, but the upward momentum (strength of the rebound) has been getting weaker lately, feeling a bit unable to jump.
Midnight lifeline: 117900! Keep an eye on this 'stabilizing needle' on the 4-hour chart.
Old Zhu's view: If the 4-hour closing price can't hold above 117900, it basically announces that this small rebound is 'cooling off'. It is very likely to continue sliding down to test the 'floors' at 116900, 115920, and 114660. (Example: Last month's false breakout also showed a lack of strength in the small-level rebound; when the 4-hour chart couldn't hold the key level, it directly waterfall dropped 5000 points.)
Conversely, if it steadily stays above 117900 on the 4-hour chart, it indicates that the bulls haven't given up, and there might be some more bounces in the smaller time frames, aiming for the 'ceilings' at 118915, 119730, and 120300. But remember, this is just a small-level rebound; don’t get too carried away until the larger trend changes!
Ethereum (ETH):
Focus on the critical point: 3805! Also watch this 4-hour candlestick.
Old Zhu's view: Can't hold above 3805? Then this rebound is basically 'just a visit'; prepare to turn down and look for resting points at 3750, 3712, and 3670. (Example: Remember last week? It was stuck just below a similar key resistance level, and in the end, it didn’t go up and then dropped nearly 200 dollars.)
Can it hold above 3805? Then it has a bit of 'spirit,' and there might be some rebound space in the smaller time frames, targeting 3845, 3867, and 3908. But like Bitcoin, this is just a short-term opportunity; it's best to go in and out quickly until the larger trend is clear.
SOL:
Focus: 179! It's still determined by the 4-hour chart.
Old Zhu's view: Can't close above 179 on the 4-hour chart? Then this SOL rebound show is 'wrapped up', prepare to enter a 'continuous decline' mode and look down at the supports at 174, 170, and 165. (Example: SOL is highly volatile; last month there was a similar situation where it hesitated for a long time at similar levels and ended up dropping over 15% in one day.)
Can it effectively hold above 179? This indicates that it can 'hold on' for now, and the smaller time frames can still follow the rebound rhythm to push up a bit more, targeting 182, 186, and 189. Those trading SOL know it has high elasticity, but also high risk; if it holds the key level, it's an opportunity, but if it can't, it's a big pit!
Old Zhu's summary: The current market is still relatively weak overall, with no direction in the larger time frames and the smaller time frames focusing on 'fast, accurate, and fierce.' The key levels (117900 BTC / 3805 ETH / 179 SOL) are our 'action signal lights.' If we can't hold the key levels, don't easily chase long positions; if we effectively break below support, go with the flow instead of resisting. Control your position, set proper stop losses, and look for high-certainty short-term opportunities amidst the fluctuations. Remember, protecting principal is always the first priority!
The market is navigated, not guessed! Keep a close eye on these 'critical points' at midnight; if it holds, we can follow in small positions for a while; if it doesn't hold, just control your hands and watch the show. Brothers, who do you think is most likely to 'rise' tonight? Bitcoin? Ethereum? Or the meme coin SOL? Feel free to share your thoughts in the comments! Follow Old Zhu to avoid getting lost at critical moments!
