Market review:
The highest for the leader yesterday was: 116725, the lowest was 112732, with a fluctuation of 3993 points. The second highest yesterday was: 4355, the lowest: 4067, with a fluctuation of 288 points. Yesterday was Tuesday.
The BTC trend aligns with the previous prediction of 'continuously declining'. It has already dipped to the 112-113 range early this morning, corresponding with the critical range of 4000-4200 for ETH. For BTC, the 112-113 range is significant for defense: as long as it doesn’t break below 112 in the next two days, it won’t touch the daily support level of 108-112; it has now reached near 112, and we should closely observe whether this support can trigger a rebound.
ETH is moving in sync with BTC, and the key ranges predicted earlier have all been realized: not only has it dropped to the 4000-4200 rebound zone, but it also spiked to 4070 early this morning, approaching the lower limit of the preventive spike range of 3950-4050. It is currently also entering the support rebound stage.
The stop-loss signal for altcoins is more evident: the recent decline has continued to narrow, and most cryptocurrencies have 'fallen as low as they can', with even the current decrease not exceeding ETH (BTC). Based on this, altcoins can be selectively entered at this time, and I will highlight 5 cryptocurrencies at the end!
Risk control must be done well during the layout; the current rebound logic is clear, and there is no need to hesitate excessively, but position management still requires caution.
Today's Wednesday highlights:
BTC
The BTC market is currently at the support position. At the four-hour level, slightly prevent a second test of the support in the 1126-1132 range. The first line of resistance above should focus on the 1145-1160 range. The key resistance to watch is in the 1176-1185 range, which is also the key focus point of this rebound. The daily level and the next two days can directly look for rebounds, mainly observing the strength of the rebound and the magnitude of the rebound.
ETH
The ETH market also slightly prevents the support position from testing again at the four-hour level, which is in the range of 4080-4130. The first line of resistance above is in the range of 4320-4400. After stabilizing at 4360, the market can look towards the 4500-4600 range. The key focus is on whether BTC will stabilize and break through the 1185 line, while the second coin is to focus on whether it will stabilize and break through 4600 points. If it can stabilize and break through, then we can look for new highs and aim for 4800 to create a new historical high.
Altcoin
The current core bottleneck for altcoins is still 'lack of liquidity', which also determines that the real 'altcoin season' has not yet arrived. However, insufficient liquidity and the lack of an altcoin season do not affect normal layout operations — with market fluctuations, altcoins are likely to show phased movements, and some cryptocurrencies may also show independent trends, still providing trading opportunities.
Core targets: LINK, ENA, SOL, continuing the previous tracking logic, with stronger trend certainty;
Low position opportunities: JTO, WLD. Although they do not perform as well as the top three, their current price is already in the extremely low range, close to absolute bottom.
Points we need to pay attention to regarding current operations
First element: Seek stability
You can earn a little less because you can't earn all the money, but you can lose it all. Selecting cryptocurrencies is the same; aim for steady success, taking one step at a time!
Second element: Strong recovery
Many altcoins are still at low points. The market is like a battlefield, and volatility is the norm. Only by being stable as a foundation and strong at its core can one laugh in the end!
Currently, the latest open core member group has 5 teachers providing comprehensive professional guidance on primary gold dogs, short and long-term strategies, spot positioning layout, and position management!
