This morning's rise (fiercely cut through 3100+109+7): Brothers, when I opened my eyes this morning, wow! It was quite a surge, right? Bitcoin, Ethereum, and SOL all jumped up. But it's like being very hungry and gorging on a meal; it's easy to have indigestion! Plus, today is the monthly closing; big institutions and funds love to stir things up on such critical days, raising prices to offload is a common tactic. Old Zhu reminded last night about 'day rises and night falls'; is this rhythm coming true again?
Overall feeling: Brothers, don't be dazzled by this morning's spike (rise)! The overall market is still on a downward slope (downward channel). It's like a truck going downhill; even if it occasionally hits the gas (rebounds), it's still sliding down overall!
Why can't we make a bullish move? Old Zhu has seen too many 'Don't run away, fellow townsman' markets. Those who chased high this morning might end up hanging on a flagpole this afternoon. Going long (buying) now is like catching flying knives; the risk is too high! We must wait for a pullback (a drop), stabilize, and then consider; don't think about catching the bottom only to catch it halfway down the mountain! Recently, the trend has been that during the day, it gives you a bit of sweetness (a rise) to lure you in, but at night it suddenly crashes down (traps people).
Key positions to watch closely (life-and-death lines):
Bitcoin (BTC):
Life-and-death line: 116300! Keep a close watch on it! If in the next 1-2 hours, the price doesn't hold above 116300, then this morning's small rebound is considered over, and look for support below: 114200 -> 112300 -> possibly even down to around 105000.
If it can hold above 116300, there is a small hope to reach higher, with pressure at 116900 -> 117800 -> 119000. But remember, the overall environment is downhill, and rebounds are just opportunities for escape or shorting—don't get too carried away!
Ethereum (ETH):
Life-and-death line: 3730! The same logic applies; if it can't hold above 3730 for 1-2 hours, the morning's rebound is over, prepare to look down: 3612 -> 3570 -> 3530.
If it holds above 3730, it can push up again, with pressure at 3755 -> 3800 -> 3840. Still, the same point: the big trend is downward; rebounds are for you to act at your discretion, not for chasing highs!
SOL:
Life-and-death line: 172.6! If it can't hold here, the rebound ends, and then it will fall, looking at 167 -> 164 -> 161.
If it can hold above 172.6, it can bounce a bit more; pressure is at 174 -> 179 -> 182. SOL has high volatility, so be extra cautious, don't get dragged down by it!
"Brothers, remember Old Zhu's words: Seize the rebound on the downhill, take risks in the fire! It's better to miss out than to make a wrong move! The key now is whether these critical life-and-death lines can hold! Do you think it will drop first or lure in buyers this afternoon? Let's discuss in the comments, Old Zhu is watching who has a sharp eye!"
Old Zhu's core summary:
General direction: Still falling! Don't be fooled by the early rise!
Operation: Don't chase the rise! Be patient and wait for a pullback (a drop), or wait until it clearly holds key positions before looking. Going long must be extremely cautious!
Focus on the market: Keep a close watch on BTC 116300, ETH 3730, SOL 172.6—if it doesn't hold on the 1-2 hour chart, it indicates more drops to come!
Mindset: Control your hands! The market doesn't lack opportunities; it lacks patience and capital!
Brothers, remember Old Zhu's words: Seize rebounds on the downhill, take risks in the fire! It's better to miss out than to make a wrong move! The key now is whether these critical life-and-death lines can hold! Do you think it will drop first or lure in buyers this afternoon? Let's discuss in the comments, Old Zhu is watching who has a sharp eye!