The key level is the lifeline for longs and shorts. If it can't stand firm, it has to squat; only when it squats firmly can it jump higher. The market is always voting with prices. If you understand the key levels, you understand the current voting results of longs and shorts!

Market analysis:

BTC:

Staring at 122,355! This position is now the center of the long and short arena.

What if it can't stand firm? If the price is sluggish and can't rise to this number, it means that short sellers still have the upper hand in the short term (1-4 hour chart), and the correction is not over yet. Looking down, the first line of defense is at 121,200. If it can't hold, we have to look at 119,300. If it goes even lower, it might find support at 118,200. (Old Zhu's opinion: Recently, a few times it hit such integer levels, if the volume doesn't keep up, it often needs to be pushed down one more time for a wash, like last week's spike to around 118,500 before it pulled up, a classic move.)

What if it stands firm? If it can really close steadily above 122,355 (preferably with a 4-hour chart closing firmly), it means the bulls have temporarily won this round, and the short-term correction may be coming to an end! Next, we can look for a rebound, aiming first at 123,300, and if it breaks through, then looking near 124,556. *(Old Zhu's opinion: If it can break 123,300 with volume, it will attract a lot of right-side chasing funds, and the inertia to push up to 124,500+ is quite likely.)*

ETH:

The lifeline is at 4,706! This position is crucial for ETH's short-term trend.

If it holds, there’s hope! As long as the price can quickly bounce back after testing around 4,706 (it can't linger too long or break down weakly), it indicates that the bullish pattern is still intact in the short term. If it rebounds, watch the resistance level at 4,788, then 4,845, with strong resistance around 4,880. (Old Zhu's opinion: ETH has been showing some movement in the ecosystem recently, as long as the market doesn't crash, it often remains relatively strong. This 4700 position has been tested multiple times recently, and if it holds, short-term funds will dare to play.)

If it can't hold, it's dangerous! If it effectively breaks below 4,706 (for example, if the 4-hour closing price is significantly below it), and the rebound is weak and lacks strength, then sorry, the short-term adjustment needs to continue. Looking down for support, first at 4,660, then 4,615, and further down at 4,575. (Old Zhu's example: Remember last month? It broke a similar key support and the rebound was weak, resulting in a slide down to 4550 before it stopped falling.)

SOL:

The key point is 205.3! The short-term direction for SOL depends on this point.

If it can't stand above, it will correct! If the price is hovering below 205.3 and can't get above it, the short-term adjustment has to continue. Support levels are at 202, then 199, with strong support around 196. (Old Zhu's opinion: This rebound for SOL is a bit hasty, 205 is a previous dense trading area and also a psychological level, it's hard to break through all at once. If it doesn't build enough momentum, it will easily retest for confirmation.)

If it stands firm, it will take off! If it can effectively break through and stand above 205.3, then the short-term adjustment is basically over, and we can expect to continue pushing upwards. Resistance levels are at 209, then 212, and further up to challenge 215. *(Old Zhu's opinion: Once SOL stands firm at key resistance, community sentiment can easily be ignited, and with some news, the speed to break 210+ might be quite fast.)*

The market changes rapidly, and the key levels are our battle map! Old Zhu will keep a close eye on the market and update dynamics and response strategies in the fan circle at the first moment. Are you preparing to bottom out or add positions in the trend? Follow Old Zhu to catch the key points and hit the rhythm right! Which coin and position are you most concerned about right now? Let's chat in the comments!