Week 6, May 6

Daytime Views on BTC, ETH, Sol

The holiday is over and it's time to get back to work. I haven't updated in a while, just went out to relax.

BTC

Since last Friday's non-farm payroll, after a rebound at 978, it started to pull back on a daily level. The momentum of the rebound has significantly weakened. Friends who asked me about the position near 940 should have exited by now. It's a pity that our previously set orders above 980 have not been filled; it's too late now.

Currently, from a four-hour perspective, the market has returned to the previous dense range of 928-958. This means that if BTC wants to gain momentum again, it needs to break above 958 on the four-hour level and stabilize above 950 before a four-hour rebound can start. Without previous levels, we can first observe how far the daily level pullback can go, with support levels at 928-916-910-890.

This position is actually not easy to trade; without a breakout, the profit space is only within this range. During the day, I'll wait around 950 to place orders. If it breaks 958 and retraces, I will exit or choose to stop-loss, sequentially observing the support below. For long positions, we should at least wait until near 928-916 before considering.

ETH

The performance is either not too weak or too strong, and on the four-hour level, it has recovered, breaking 1830 and retracing without breaking 1815. Daily support is at 1780-1750-1715.

When BTC makes a movement, I can follow BTC's movements to enter, referencing the order around 1815. If it breaks near 1830 and retraces, I will exit or stop-loss, and for long positions, wait until the second support before considering.

Sol

Since breaking through the strong pressure at 158 at the end of last month, it has been pulling back on a daily level, and the rebound strength has not been very strong. Daily support is at 140-135, and intra-day, I reference entering orders around 145.5. If it breaks 148 and retraces, I will exit; for long positions, wait until around 135 before considering.

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