$BTC $PAXG The pancake meets expectations, the strong line | 过眼云烟 on Binance Square

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$BTC $PAXG The pancake meets expectations, the strong line breaks 109500, and there may also be a false breakout at 109500, with a spike near 110600.
Currently, the market is in a small rebound and a fluctuating downward trend. The large volume in 15 minutes is also very deceptive, and the daily line volume and the body of the bearish candle match, indicating that the decline has not yet terminated.
There is a rebound in the ultra-short term, possibly within 2000 points, plus with the upcoming weekend and the middle of the month, the interest rate cut expectations are at the end of the month. Before that, just keep the high-position short positions stable.
Many retail investors only think about making quick money, only playing in altcoins, with high volatility in altcoins, catching one opportunity happily, while losing ten times or even facing liquidation.
PAXG is merely linked to gold, different from the spot gold on the US stock side.
Even strong players like Binance do not have the ability to manipulate pancakes, ETH, and SOL to cut retail investors. If they really dared to do so, the lawsuits in the US are no joke.
For contracts, just doing these three is enough; the contracts of altcoins are basically concentrated in chips, and they can play however they want.

过眼云烟

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$BTC $ETH
Late night market analysis.
The major coin 109500 has become the lifeline for short-term bulls, while Ethereum around 3595 has become the dividing line between mid-term bulls and bears.
Currently, the major coin shows a head and shoulders pattern after a downward continuation on the 4-hour chart. The 15-minute candlestick needs to fake a breakdown below 109500 and then recover for a buying opportunity, with a target range of horizontal trading around 113400.
If the 4-hour chart breaks below 109500, the market will continue to worsen, likely leading to a downward fluctuation, approaching support levels of 108600 and 107300.
If there is an accelerated decline, there is some left-side support at 104600 to 105200. In extreme market conditions, if it breaks to a new low and quickly recovers, like a spike to the 99500 to 100400 range, that would be the moment to bottom fish.
Ethereum rebounds quickly, but its declines are also fierce, so do not have a fixed mindset when going long.
Currently, there is only some short-term support at 3875; left-side limit orders are easily targeted, and if it spikes down, stop-loss orders may not execute in time.
Near 4220, similar to the major coin's 113400, if it can't break above, it will continue to decline.
Additionally, previously SOL reached 233, and when the leg broke, it was time to run. Although it wasn't the highest point, at least those who went long avoided the previous extreme spike.
All three are showing lower highs and lows, and in a bearish trend, do not go against the trend and look for long opportunities, no matter how far. Although the funding rates for the major coin and SOL have not been very friendly to bears recently, mostly negative, it at least indicates that the major coin's willingness to continue pushing up is not that strong.

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

BTC

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PAXG

4,161.72

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