$BTC $ETH $SOL
Zero Point Analysis
Good evening, NYSE traders, I am Jiug歌!
Is tonight's market the last struggle?
The real top and bottom usually require sideways movements for a higher high. Tonight, the US stock market opened with a three-finger spike upwards followed by a pullback, leading to a waterfall in the crypto market. Currently, I haven't entered a short position; the signals are not clear enough. The 4-hour chart has been hovering in the air, at most returning to the zero axis. However, there is still one last wave of daily impact on the horizontal line, and the weekly chart shows a phenomenon of turning back at the zero axis. There is no 2b area, so it doesn't count as right-side trading, so it's better not to act. Even if I miss the opportunity, the market won't collapse, right? Don’t compete with the market, and definitely don’t compete with yourself. I’ve organized the seven major failures in trading, and an important point is that if I don't open a position for a day, my hands feel itchy and my whole body feels uncomfortable. (After the training is over, I will release it when I have time.)
Currently, Bitcoin is floating in the high air, oscillating upwards. The 4-hour chart is terrifyingly hard. After 78, there hasn’t even been a decent spiral. I originally thought it would definitely come below 825, but it directly surged to 864. This is the highest rebound position for the left side at 885's waterfall and also the support position for the drop at 887. So today, I predicted with some friends that 864 must be reached. This logic of predicting the right side by looking at the left is something everyone can do; it’s not a unique skill. I suggest that everyone watches the market more, so you can remember the key prices.
The technical difficulty lies in self-discipline. The best way to achieve self-discipline is to understand how to enter and exit the market, how to find signals, and calculate the risk-reward ratio. These are the key points.
The price continues to rise, but a correction in the spiral will still come. Without confirmation of a pullback below 825, it’s hard to push higher again. The market is in a garbage time; if you don’t trade, it’s fine.
Ethereum has dropped a bit harshly tonight. The support at 1600 is quite critical. Currently, if 1600 holds, it’s still oscillating upwards; if it breaks, it will return to range oscillation. The only token I hold is still Ethereum, and I really need to switch to Solana next time. It’s frustrating...
Solana hasn't reached the lowest point of 125; it’s at 127. There were some misjudgments in the middle, but 136 should be hard to break. For now, I’ve partially exited my short position at 133 from last night’s 128, and I don’t dare to add to my position, wanting to make over 10 dollars, but it’s not going as expected.
I choose to wait with light positions, and I will never hesitate when the signals I want appear.