Brothers, good morning 🌞🌞 Let’s analyze the future trends of mainstream coins and the trading strategies 😁
Currently, Bitcoin's 3-day line structure shows a head and shoulders pattern, with short-term support around 112,000. This is the starting point of the strong breakout to 123,300 back in July and a key observation point during this round of decline.
If 112,000 holds, it is a good entry point for long positions; if broken down, a dip to the 110,600-110,300 range would be normal, but if it breaks down significantly, the first effective support will be in the 109,200-108,800 range. Therefore, taking profits on short positions between 112,000-110,300 is a relatively safe strategy.
For long positions, the broken range can serve as a tentative entry point, while a significant breakdown would mark the main position area for direct opposition.
It’s worth noting that SOL often weakens ahead of BTC's corrections and is usually one of the first coins to stop declining. It frequently serves as a reference indicator for judging whether BTC has reached its bottom.
Currently, SOL is pulling back to the strong support area around 158, which is not only a launching pad towards 200+ but also a golden retracement level for the 125-206 large wave segment. Last night, SOL dipped to a low of 159, just a step away from critical support. If it stabilizes here, then BTC’s short-term pullback space will also be limited.
Based on this, if BTC breaks below 113,000, the cost-effectiveness of chasing shorts further is not high. Because 112,000-113,300 is a strong support zone; a brief break is acceptable, but the probability of a sustained breakdown is low.
Similarly, Ethereum's pullback space is also limited. If one shorted in the 3,520-3,550 range, it would be high-position profit-taking; however, below 3,380, further shorting is not recommended. This is because there is no effective support between 3,380-3,110; it will either drop directly to 3,110 or stop declining early in the 3,380-3,335 range.
Rhythm, position, and signals remain the core logic of the current market game. Don't be swayed by emotions; keep an eye on key support and leading indicators to seize real opportunities.
