$SOL

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🧑‍🍳😭😭😭

About altcoins:

I have emphasized before

that only when Bitcoin (BTC) significantly declines in dominance can altcoins have localized market movements. However, BTC's dominance has rebounded at the 60% support level; while the entire market corrected yesterday, BTC didn't drop much, but altcoins seem to want to go back home...

Last year, when the altcoin market was at its hottest,

altcoins only thrived for about a month, followed by a long decline.

Now, past experiences don't apply much, so be cautious —

altcoins have never had a widespread rise; in the past 90 days, less than 20 small coins have outperformed BTC, which is why I have consistently suggested that everyone 'play with small positions and set stop losses' ⚠️…

Another key signal:

Retail enthusiasm hasn't picked up; just look at BTC's search index to know

it has been lying at the bottom, indicating that retail investors no longer have BTC.

Key points to discuss ⬇️

1️⃣ Ethereum (ETH):

Gained 25% in a week, reaching a new high for the year.

Looks exciting, but many people are trapped above $4000 😮

Daily line is overbought, but the overall structure hasn't broken yet.

4-hour support is around 3444, with box support at 3222.

The exchange rate with BTC (ETH/BTC)

rallied to 0.032, faced resistance, and pulled back. The downside support is around 0.029.

2️⃣ BTC

I mentioned a target of $120,000 before.

Now, let's look at the fluctuation situation at $115,000.

Temporarily judging it will fluctuate around here 🌊

If you all see $115, then I see $112.

3. Solana (SOL):

Tested the support level yesterday; $184 is the 4-hour support.

If it closes below $185 tomorrow, I suggest selling most of the spot 🚶‍♂️.

In summary:

The market is currently very difficult to control,

but in terms of operation, don't chase highs; it's more important to focus on key support levels.