When everyone was scared by that bearish candle in the early morning, I reversed and placed a long order to catch the falling knife—
The spike to 3570 caused a liquidation scream across the entire network, while my account has launched into the sky!
Bitcoin (BTC/USDT):
Where to focus? Keep a close watch on the price of 113,845! This is the 'lifeline' for the bulls.
How to proceed?
Bupa is a brother: If the price pulls back and holds here (not effectively breaking down), OK, the bulls still have strength! Continue to push upwards, first target 115,700, then 116,900, and the ultimate challenge 117,800. One by one!
If it breaks, be cautious: If the closing price (or your habitual period) really falls below 113,845, it’s bad! This indicates that this upward attack has 'lost strength'. Then it is likely to look for support downwards, first looking at 112,750, if it cannot hold, look at 111,910, and the final defense line is 111,100.
Old Zhu's view: This 113,845 is a significant dividing line for strength and weakness recently! I observe the market, and in the recent few pullbacks here, there has been capital protection (for example, after the spike on X date, it quickly bounced back). If it holds, confidence remains, and the target of 117,800 is not a dream; if it doesn’t hold, caution is needed in the short term, first looking at the depth of the pullback. The key among the keys!
Ethereum (ETH/USDT):
Where to focus? 3610! This is Ethereum's 'line of life and death'.
How to proceed?
If it holds, it can still fly: If the pullback does not break 3610, great! The bullish trend is intact, let the music play on! The upward pressure first looks at 3660, after breaking through look at 3693, strong pressure around 3735 (previous high area).
Breaking the trend: If 3610 is effectively smashed down, it basically announces the end of this smooth rise, and the pullback mode will start. Support first looks at 3570, then 3543, strong support around 3495.
Old Zhu's view: Ethereum is relatively strong this time, but 3610 is the lower edge of this rising channel and the upper edge of the previous trading dense zone (look at the fluctuation around July 28). If this cannot hold, short-term profit-taking and liquidation may pour out, leading to a deeper pullback. If 3610 holds, the sky is the limit; if not, take cover first!
SOL (SOL/USDT):
Where to focus? 165! The 'trend switch' for SOL.
How to proceed?
If it holds, keep having fun: If the price pulls back to 165 and can hold, it indicates a healthy upward trend, with bulls in control! Clear targets: 171 -> 175 -> 179 (there is resistance near the previous high).
If it breaks, it needs to turn: Once 165 is effectively broken, this sharp rise will come to an end, and a pullback will likely follow. Support levels to watch are 161, 158, and 156.
Old Zhu's view: SOL has had large fluctuations recently and is quite elastic. 165 is an important platform support and a convergence point of short-term moving averages (like MA10) recently (refer to the consolidation platform from August 3 to 5). If it can stabilize, SOL has hope to continue being the 'vanguard'; if it cannot stabilize, volatility will increase, and the probability of seeking support downwards will be high. 165 is the touchstone for SOL's strength and weakness!
The market changes rapidly, and key levels are our battle map! Old Zhu closely monitors market anomalies daily, sharing the latest strategies and opportunities in the circle at the first time. Want to accurately bottom fish and escape the top? Hit follow and reply '888' to get tomorrow's precise ambush code! Let's grab stable profits amidst the fluctuations!