2025-08-15 Nightline Supplement
I really don't want to stay up late tonight. I originally fell asleep early yesterday morning, but my wife woke me up around 9 o'clock. Due to some bad lifestyle habits, she lectured me until noon. I'm really at a loss; she says I have irregular eating and sleeping patterns. As a result, I was woken up after falling asleep, isn’t that just adding fuel to the fire...
A friend wants to know how to enter the market now. It’s just like the picture below. Ethereum is currently in a no man's land, failing to hold 4650 at 12 o'clock. If we can’t break through at 4 o'clock, we can only wait below. If it doesn’t reach 4400, we’ll wait for a new double bottom structure on the 4-hour chart to appear, and when it completes a bullish engulfing, we will enter a long position. This way, we can effectively set a stop loss (the stop loss is set about 0.3-0.5% below the previous double bottom position). In this no man's land, it's best not to act and to observe. For Ethereum, if we start calculating from the top 4787, based on the 4-hour level correction, the relative bottom is 4475-4356.
On the Bitcoin side, it is currently standing at a previous peak, testing the validity of a top-bottom exchange. This area has been tested once before; this is the second time. If it can't hold here, the strong support below was previously the strongest resistance at 1157-1161 (now acting as support). If we calculate from the previous peak at 1245, then for a 4-hour level correction, the relative bottom is in the range of 116407-113295. This coincides with the previous 1157-1161 and the 1135 position, with high overlap. For those looking to buy spot, once it approaches this position, you might consider entering a position.
SOL is a bit oversold. If there is a 4-hour level correction, the relative bottom is from 196.35 to 191. However, since it has fallen below 195 and is under pressure, the first position to test for a long is 187. The positions below are a bit far and not considered for now.
The method of calculating the relative bottom area in the 4-hour chart has been discussed with everyone before. This is a left-side guessing bottom method, and a more cautious approach is still to wait for a double bottom on the 4-hour chart, complete a bullish engulfing after one closing, and then enter the market, which is more suitable, and easier to manage the stop loss.
I originally thought the nightline on Friday or the weekend would be dramatic, but the date has advanced by one day.
Let's continue to observe and see; it's all emotional trading. Who knows if little blonde will say something in the middle of the night and cause drama again...