2025-08-28 Daily Line

I finally have a time to get up during the day...

After falling asleep, I got pricked again... pricked twice, so bad...

Now the market looks like it’s recovering pretty well, it seems that some funds from Ethereum have flowed out to Bitcoin and Solana.

I hope that friends who are short on Solana around 202 have either exited or reduced their positions. Even if you’re not optimistic about the subsequent trends, you should get out first, or at least take some profits, and then without changing your overall position too much, you can adjust your holdings or average price, which is definitely better than just holding on without action. Trading shouldn't involve too much stubbornness.

Going long is the same, if a key level gets pricked and breaks, no one knows whether it’s a false breakdown or a real one. If you really believe in it and don’t want to exit, you should at least reduce your position, even if you buy back some when it rebounds, it can help improve your average price compared to just holding still.

On the Bitcoin side, it’s reached around 1135, this level has provided support multiple times before, and breaking through it won’t happen instantly. If there’s a pullback, that’s quite reasonable, pay more attention to around 1125, testing the exchange of support and resistance is normal. If we can break through 1135 with volume or stabilize above it, the next target will be around 1155-1157, let’s take it step by step.

Ethereum at 4650 is a clear resistance level, it seems that Ethereum is waiting here for Bitcoin to rebound slightly before moving up again. If no sudden negative news comes out in the short term, a rebound to around 4800 is still possible.

Solana is showing some strength, but the volatility is too high, it can fluctuate over 15% in a day. In this case, you must control your leverage and position well. Surviving allows you to capitalize on both long and short opportunities. If leverage is high and you're fully loaded without waiting for market movement, you might already be out before the trend develops. Whether it’s a big profit later or whatever, it won't matter much to you.

If Solana pulls back, still pay attention to the situation around 209 for exchanges. If it stabilizes, it can continue to push up. The next position after 215 is strong resistance at 219~220. This place is a very important watershed, as passing this would mean looking at 240-246.

I still remain bullish for now, but I don’t oppose you wanting to short, as some coins have relatively limited upward space. Waiting for a suitable position and placing a high position short isn’t a bad choice either.