Bitcoin and Ethereum have been experiencing a slow decline recently. I've been saying in my articles that these two are currently in a downtrend, and the plunge is not over yet. Those trading for rebounds should take profits in a timely manner. Many fans are asking how low this wave can drop? Should they cut losses or add positions in batches? Let's take a look at the analysis!
BTC
Last night, Bitcoin surged to 115,850 but encountered resistance and fell back to stabilize around 112,600. The acceleration of the decline is triggered by the 12-hour MACD double lines returning to zero and the daily MACD fast line returning to zero, combined with bearish volume. The current price is above 112,500, close to strong support, and bearish momentum is weakening, so there may be a rebound in the short term.
Key Point:
(1) 112,000 is the key point for the rising trend line and stop-loss interchange;
(2) The panic selling from the night before may trigger a technical rebound;
(3) Retail investors and some bulls may be defending the market here.
Currently, the hourly chart shows that the 'double bottom' embryonic form has not fully formed; there will be a battle for the 110,000 mark from tonight to tomorrow. Although the weekly is bearish, the lower Bollinger Band on the daily (112,000-110,600) usually has a rebound, as there will be information coming out in the late night, this rebound may be violent. Tonight we need to lay in wait here for a counterattack.
ETH
Ethereum's volume has dropped significantly, and now the market is at a critical juncture! Yesterday in my article (Dare to be bold, starve the timid! The 'golden pit' in the plunge of Bitcoin and Ethereum! Institutions call for ETH! API3 surged 1462%! Buy low strategy preview!) I mentioned that I would buy on dips in the range of 4172-4080. I placed an order to buy at 4100 and have already made 263%. However, it hasn't dropped enough yet, and there are still opportunities to buy on dips!
Can ETH hold the $4,000 mark?
Answer: It is very likely difficult to hold! At the 4-hour level, $4225 is the key support. If it breaks, the bullish trend will be damaged, forming multiple tops. Below, $3924 is the previous high and an important support, with $4000 as a psychological and technical threshold, which may trigger a rebound.
But overall structure shows that $4060 is unlikely to stabilize directly and surge, with low probability of hitting $4353 or $4500.
Strategy: Light positions near 4070, add positions at 3980, stop loss at 3900. Accurate bottom fishing is impossible; range-based layout must endure stop-loss tests, or it becomes a gambling mentality.
Altcoin
Altcoins can be accumulated at low levels for quality leaders; the logic hasn’t changed. Only quality top altcoins will follow the market up, while others are currently garbage. There will no longer be a 'altcoin season'; the so-called applications in the crypto world are simply 'playing around' in the eyes of traditional capital. They only need to use the blockchain shell to take away the project team’s meal. Circle is the best example.
You can buy on dips with small positions for a 'broken-line rebound', but don’t catch the bottom or linger in battles—nowadays, all operations are severely controlled by institutions, and it is unclear when major movements will happen again, so focus on swing trading.
SOL Ecosystem
JTO / JUP (Established liquidity, can do 'T' on retracement)
AI Calculation
FET / RNDR (The narrative is not dead; accumulate small positions on sharp dips)
Ethereum Ecosystem
L2 Main Line (OP / ARB) and established DeFi (UNI) can be traded according to rhythm: mainstream first, then altcoins; leaders first, then followers; with lighter positions.
DOGE
Dogecoin's key support is at 0.21-0.20, performing excellently in previous market conditions. Strategy: Buy on dips near 0.20 and hold for future gains.
PEPE
PEPE's recent plunge has seen a decrease in the rate of decline because it did not surge significantly earlier, indicating reduced selling pressure and increased buying support. Currently, 830 and 760 are strong support levels, with a maximum downside of about 30%.
Historically, PEPE has never fallen below the lower Bollinger Band on the weekly chart, and the lower band rises at a rate of 60 points each week, limiting both the downward space and time, at most two to three weeks. Strategy: Wait for opportunities to add positions at 830 or 760.
LTC
Litecoin has a small market cap, has ETF expectations, and is a heavily weighted coin for Grayscale, making it a quality target for speculation. Strategy: Buy on dips around 105.
Currently still in a bull market, but be cautious when buying on dips. Accurately predicting bottoms and tops is difficult. I will buy at the bottom and retreat at the top; for more coin buying levels, feel free to message me.
