Bitcoin, Ethereum, SOL, Today's Market Interpretation

1: #BTC Bitcoin bounced back from a low of 108600 yesterday after hitting that low, rebounding to around 110500 but failing to break higher, then it retraced down to a low of 109500 without breaking lower. It broke through 110500 early this morning, reaching a peak of around 112300, a crucial resistance level, rebounding over 3000 points from the lowest point. Currently, Bitcoin's upward movement needs to stabilize above 112000, and only a breakthrough above 113000 can be considered a valid stop of the decline. If it fails to break higher, it is likely to continue to test lower points.

Yesterday, we first shorted Bitcoin at an average price of 110000, then set a stop loss around 111300, later advising everyone to enter short positions in the range of 111800-112000, with an additional position at 112700. I wonder how many people established positions. For those who have, the first take-profit point was at 109500 and the second at 107500.

2: #ETH Ethereum hit a low of 4310 yesterday and rebounded to a high of 4630, a rebound of 320 points. Currently, Ethereum's movement is still much stronger than Bitcoin's, with resistance above at 4650 and 4720, and support below at 4550, 4500, 4400, and 4300. If you want to go long at lower prices, you can wait for Bitcoin to drop to around 110000, and then consider going long with Ethereum around 4400. The best short points are in the range of 4650-4720 for setting up short positions.

3: #SOL Yesterday's low was 185, and today it rebounded to around 200. Round numbers usually have significant resistance. SOL has also shown strong movement these past two days. If Bitcoin drops to a suitable level, those looking to build positions should pay close attention. If it breaks above 210 and stabilizes, you can directly build positions. If it fails to break, it will still correlate with Bitcoin's pullback. Watch for support at 192, 185, 178, and 172, with resistance above at 201, 205, and 210.

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