Overall market situation:
After a few days of continuous rise, aren't you tired? Now we are at a 'mountain of pressure' point, and the 'pullback' that you have been talking about has begun (which means it will drop a bit).
Don't get too carried away! Lao Zhu has emphasized a thousand times: there is no one-way market that only goes up without any dips! It's perfectly normal to take a breather after a big rise. Don't panic at the first sign of a pullback, and don't let your fantasies make you think it's going to the moon. Stay calm! Let's first take a look at the analysis.
Bitcoin (BTC):
Critical lifeline: $114453!
How Lao Zhu sees it: Pay attention to the closing price on the 4-hour chart (which is the price after four consecutive 1-hour candles). If it can stabilize above 114453, it indicates that the pullback may have ended, and there is a chance to continue pushing higher. If it does push higher, watch the levels 115700, 116900, and 117800.
Bear case scenario: If the 4-hour close does not return to 114453, then it will slide down further. The support levels to watch are 114000, 113300, and finally 112000, which are places that can 'catch' it.
For example: This is like climbing a mountain; 114453 is a key resting point halfway up. If you stabilize there, catch your breath, and you can continue to climb (toward the resistance level). If you can't stabilize and slide down, you'll have to find a lower, gentler place (support level) to rest and regain strength.
Ethereum (ETH):
Key defense point: $3640!
How Lao Zhu sees it: Look at the 1-hour or 2-hour chart. If there is a pullback but it doesn't truly break below 3640 (for example, if it drops quickly and then bounces back), it indicates that the bulls (those wanting to push prices up) still dominate in the smaller timeframe, and it can continue to test 3735, 3755, or even 3800.
Bear case scenario: If the 1-2 hour level effectively drops below 3640 (closing below), then the smaller adjustment will be confirmed. Look for support at 3605, 3565, and 3520 to see if they can hold.
Opinion emphasis: For ETH, 3640 is the 'Maginot Line' for the short-term bulls; if it holds, morale remains high; if it cannot hold, then short-term retreat and observation are necessary.
SOL:
Key level: $166.5!
How Lao Zhu sees it: Similarly, look at the 1-2 hour chart. If it can hold the 166.5 level during a pullback, it indicates strength, and there is still a chance to touch 170, 173, and 177.
Bear case scenario: If it effectively breaks below 166.5 on the 1-2 hour level, the adjustment starts, and look down at the supports 162, 159, and 156.
Opinion reminder: SOL has been quite active recently, with significant volatility. 166.5 is its short-term dividing line for strength and weakness; if it breaks this, the short-term momentum will weaken, so be cautious.
Lao Zhu summarizes the core idea:
Stay calm! A pullback after a rise is completely normal; don't be overly surprised.
Watch the key levels! Don't guess the ups and downs; 114453 (BTC), 3640 (ETH), and 166.5 (SOL) are the 'frontline positions' where the short-term bulls and bears are battling. Whether the closing price stays above or breaks below them will determine the next short-term direction.
Plan your trades! Set your strategy based on these key positions: if it stabilizes at the resistance level, consider going long; if it breaks below the support level, consider reducing your position or waiting, and then look for strong support below to consider buying at lower prices.
Don't daydream! Respect the market's actual trends and let the price speak.
Does this make things clearer for you, brothers? The market is constantly changing, so keep a close eye on the key positions!
Brothers, is a pullback an opportunity or a risk? It all depends on which 'key position' you've been watching! Lao Zhu has marked out the levels for you; are you ready to buy at a lower price or should you avoid the storm for now? Click the avatar and follow me for timely information and in-depth analysis!
