Bitcoin and Ethereum slightly declined this morning, with altcoins generally following suit. We can seize this pullback opportunity to buy the dip and await a rebound. The best strategy is to buy low and sell high! The washout and repair time won't be long; patiently wait for Bitcoin and Ethereum to reach their lows, and I will guide everyone to buy the dip.
BTC
Bitcoin has fallen as expected, accelerating downward after breaking the trend line, but the key support level has not yet been reached, so it is not recommended to go long for now. Support levels below are at 113450, 113333, and 112000 (which may briefly drop to 111850, 111555); this is the bulls' defensive area. As long as the bears don't break down significantly, the price is likely to rebound to 115000-117000.
Short positions are not advisable; wait for confirmation of a low point on the right side, which will be the starting point for the next wave of upward movement. If Bitcoin holds the 113300-110000 range, it will signal a bottom. A significant rise may occur late tomorrow night; it is recommended to go long in the 111900-112700 area.
ETH
Yesterday, Ethereum ETF saw an outflow of nearly 200 million USD, and the panic caused by last Friday's decline continues; the market awaits lower-priced chips. ETH has rebounded after each drop, showing institutional buying support, preventing a rapid collapse.
Today ETH fell below 4200, with expected lows in the 4172-4080 range; 4150-4112 is strong support, and 4072 is a critical barrier above 4000, all being low entry points.
If bulls resist, a rebound or breakthrough may occur at 4336. If the price holds above 4192.35, it could rise to 4273.105 and 4313.4825; if it falls below 4192.35, a bearish outlook to the 4071.15-3950 support zone is expected.
The weekly chart shows ETH is still in an upward trend, and the long-term bull market remains unchanged, with 3900 as strong support. Currently, the 4172-4080 range is suitable for bottom-fishing, paying attention to the strength of the trend.
ETH micro-strategy chairman calls for ETH!
Tom Lee and Cathie Wood calling for ETH have been mistakenly seen as inducing retail investors to take the bait; this view is incorrect. Their capital is enormous, and retail funds are insignificant to them; they disdain 'setting traps'.
Their goal is to enlarge the crypto industry pie, attracting small to medium institutions and government funds to enter and collectively boost market size. Retail investors can flexibly enter and exit, but they need the overall market to rise to make a profit. Tom Lee's entry is essentially sailing in the same boat with us, jointly elevating the entire crypto size; we rise together, and only then can there be talk of withdrawal.
SOL
SOL has entered a daily level correction, with immediate upward rebound pressure first looking at 182; if this pressure can be broken, then look at the range of 185.187. For the market to make a second push, it must break through this range of pressure; if it doesn't break this range, the market will look to correct. Below, the target support is 173-170, with defense at 165.
Altcoin
Plume: Newly launched on Binance, focusing on RWA public chains, closely related to Trump’s USD1, carries its own topics, worth paying attention to.
Stablecoin public chains: VC intensive investment, similar to the eve of the L2 and ZK craze, many airdrop opportunities available, suitable for strategizing and gaining rewards.
API3: After enduring, the clouds part to reveal the moon; Api3 logs into Upbit, and having a pig trotter rice is a stroke of luck even in this trash market! The strong will always remain strong! When Bitcoin and ETH waterfall down, only API3 bravely goes up!
Market Analysis:
Altcoins still have room for correction, but the extent is limited, and opportunities remain. The bull market rhythm is 'enter three, exit two; enter four, exit three', and timely profit-taking and bottom-fishing are necessary; otherwise, it is easy to buy high and sell low. Currently, the financial market is flush with funds, the A-shares are hitting new highs, and the crypto market has not yet peaked, still in a bull market process.
Strategy Suggestion: Swing trading, exit when it rises high, be bold to buy at the right dip, and take profits/buy in batches.
Quality bottom-fishing targets: ETH, DOGE, XRP, LTC, AAVE, SUI, PEPE, LINK, MAGIC. In the crypto space, it is essential to catch trends; missing out may require waiting another two years.
