【Triple Zigzag Adjustment Wave?】On the evening of the 21st, it was pointed out that mainstream coins like Ethereum and Solana have already peaked on the 4-hour Stochastic RSI indicator. Solana also rebounded to the upper Bollinger Band on the 4-hour chart!
The rebound of mainstream coins like Ethereum and Solana, which started yesterday, has already ended. This is the first phase of a single zigzag adjustment wave (key point).
If Ethereum cannot rebound past 4379, then beware of the possibility of a decline after 4788, which could indicate a triple zigzag adjustment wave, meaning that a decent rebound will only occur after dropping to 3900-3940 (key point).
Correspondingly, Bitcoin's rebound is insufficient at 114823, so also be cautious of the potential for a triple zigzag adjustment wave, which means a decent rebound will only occur after dropping to the lower Bollinger Band on the daily chart (key point).
These analyses have been validated! We also remind to short Solana at the upper Bollinger Band and 186.2, and to short Ethereum at 4332, betting on a triple zigzag adjustment wave! Of course, due to the divergence in wave patterns, our strategy also includes a dual insurance approach, leaving space for replenishment after a double zigzag adjustment wave rebound!
Risk awareness is very important, and this is the fundamental reason why we have been able to sustain profits! $BTC