肥猫
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2025-2-26 Perspective
Hello everyone, I took a look at the daily chart and feel that the rebound is quite decent. Although the overall strength is still relatively weak, it feels much better to have some upward movement before another drop than to have an endless stagnation.
This time, Bybit has become the 'sky-high agent' for Ethereum. We really can't keep criticizing Ethereum; after all, it is the 'king of dogs'. Last time, a flash crash at 2.3 Ethereum nearly dragged down all the altcoins, but this time, with Bybit's crazy buying, Bitcoin has dropped close to 8000 from its last support level, and the altcoins haven't seen too much decline. Sometimes, turning a funeral into a wedding can indeed be a good thing.
Although funds haven't started to flow into the altcoins yet, at least this gives everyone some breathing room.
The morning price is generally a relative high point for the daily chart. Those who want to enter can patiently wait to see how the pullback goes. It is now 11:10 AM, and I hope Bitcoin can change its line at 12:00 PM, closing above 89500, with the pullback not breaking below 88700, then we can move up a bit more.
If it can't close above, it's best to wait to enter until a new higher low is formed during the pullback. At that time, getting in could be a good opportunity. BlackRock has seen a continuous net outflow for 2 days; will it continue today? No one knows.
SOL looks okay; if it can hold between 138-145, then if selling pressure appears at 3.1, the 120 range should still hold.
Don't think that just because it has risen a bit, this round of decline is completely over. It's always better to be cautious. If you're really afraid of missing out, you can wait for a pullback and enter with 1/10 or 1/5 of your position. If you enter and it drops again, then don't add more unless it's confirmed as a bottom (forming a higher 4-hour double bottom pattern) or the trend resumes a positive slope.
Hello everyone, I took a look at the daily chart and feel that the rebound is quite decent. Although the overall strength is still relatively weak, it feels much better to have some upward movement before another drop than to have an endless stagnation.
This time, Bybit has become the 'sky-high agent' for Ethereum. We really can't keep criticizing Ethereum; after all, it is the 'king of dogs'. Last time, a flash crash at 2.3 Ethereum nearly dragged down all the altcoins, but this time, with Bybit's crazy buying, Bitcoin has dropped close to 8000 from its last support level, and the altcoins haven't seen too much decline. Sometimes, turning a funeral into a wedding can indeed be a good thing.
Although funds haven't started to flow into the altcoins yet, at least this gives everyone some breathing room.
The morning price is generally a relative high point for the daily chart. Those who want to enter can patiently wait to see how the pullback goes. It is now 11:10 AM, and I hope Bitcoin can change its line at 12:00 PM, closing above 89500, with the pullback not breaking below 88700, then we can move up a bit more.
If it can't close above, it's best to wait to enter until a new higher low is formed during the pullback. At that time, getting in could be a good opportunity. BlackRock has seen a continuous net outflow for 2 days; will it continue today? No one knows.
SOL looks okay; if it can hold between 138-145, then if selling pressure appears at 3.1, the 120 range should still hold.
Don't think that just because it has risen a bit, this round of decline is completely over. It's always better to be cautious. If you're really afraid of missing out, you can wait for a pullback and enter with 1/10 or 1/5 of your position. If you enter and it drops again, then don't add more unless it's confirmed as a bottom (forming a higher 4-hour double bottom pattern) or the trend resumes a positive slope.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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