$BTC $ETH $SOL
Zero-point Analysis - Jiuge
The best news currently is that gold has reached a new historical high again. A 15-2 hour divergence signal has appeared; those doing short-term trades can return to buy back at 3245.
The worst news is that old Powell is about to come out and do something~
In the early morning, Powell's upcoming speech should lead to a chaotic market trend that cannot be avoided. If there are no good positions on a smaller time frame, it is wise to choose to exit during such times. My viewpoint remains unchanged: when it rises, it rises completely; when it falls, it falls thoroughly. Right now, we are in a standoff, a 50 vs 50 situation. It can also be described as sideways consolidation. It is difficult to judge during this phase...
Respecting technical analysis, we will first set aside tonight's news factors, which boil down to five key elements: price, level, pattern, volume, and indicators.
In terms of price, the high point of 861 has seen a 2-hour divergence correction to 83. As long as it doesn't break 830, the correction isn't deep, and 83 forms a double support test.
Currently, the 4-hour rebound is close to the zero axis, returning to 85000. The 2-4 hour level has entered the Bollinger channel, while the daily level is in sideways consolidation, with weak volume. In terms of pattern, it either makes a lower high or a head and shoulders, or it rushes to the previous high to find resistance at 872-875 on the daily chart.
Once it reaches 87, preparations for short positions must begin.
In terms of timing logic, typically, there is bottom fishing at the beginning of the month, with a large range of fluctuation finishing around the 25th of the month. (If doing short trades, one can observe the 857-86 area for a 15-minute level to see if a buy signal appears, with stop loss above the previous high. Take profit remains at 83 plus 300 dollars.)
Ethereum's pullback is strong, directly pressing down to the 1550 neckline support, forming a doji and then rising back to 1600. The 4-6-8 hour channel is compressing and needs to consolidate a bit more. However, it shouldn't drop too low before the 18th. The closing of the 3-day line is very crucial; currently, the MA averages of 30 and 60 are being consolidated, while the 120-day line is too far away, requiring a pillar or connecting line. The 12-hour line has not yet returned to the zero axis. Bitcoin has already crossed the horizontal line preparing for the second wave, while Ethereum is still underwater. If Ethereum does not form a death cross, it will continue to rebound on the 12-hour divergence to 1725-1750.
The pressure on Sol136 is too great and difficult to break, so I will continuously test shorts at this position. Because 125 has not yet reached 120.
