Friday market analysis and support resistance points

1. Bitcoin's four-hour chart shows signs of a death cross, struggling to stay above 118100. There is some exhaustion in momentum, and with no strength, if it can't break through during the day, it may likely pull back to around 115500. You can try a short position, but hold on to your long positions carefully.

Ethereum: High-level fluctuations are offloading, moving within the upper range of 4630 and lower range of 4560. For those with guts, the intraday momentum also shows signs of exhaustion, and upward momentum is weak. If it can't break through 4630, look for 4500 to around 4480. If the night rebound is not strong, there is a risk of a waterfall effect. Look down to around 4300. If it moves into a daily-level converging triangle, you can draw it yourself and boldly operate according to the breakout or breakdown knowledge as the levels are significant.

SOL: Momentum is weak, very obvious, with low-volume rises leading to serious offloading. The risk of going long is high, with low returns and chances of standing guard. Currently, try to short him at high levels and manage stop losses carefully for low longs. If it makes new highs, it will pull back.

2. Liquidity is exhausted, with no direction. High-level horizontal trading is mainly for offloading by the main players, waiting for the retail sentiment FOMO to fall. Just wait a bit; it will come. There are no significant news events this week, just small fluctuations in a tight range. Focus on swing trading.

3. Trend prediction: Bitcoin's critical point is below 1116, indicating a downward trend. Looking above, if it breaks and stabilizes above 1181, there is a chance for an attack towards 120000.

4. Day trading advice: For low longs, focus on Bitcoin at 116100 for buying, and for short positions, pay attention to 118100 to enter a head position. Be sure to control the positions; Bitcoin's stop-loss is still at 130000 for safety. Ethereum is safe above 5500, and SOL is safe above 250.

5. Major trend judgment: This week may close with a doji star, mainly fluctuating and offloading within the week. This month still has the chance to close with a bearish candle, meaning a rise followed by a fall.

Still maintaining the old judgment, looking for a rebound to short next week, aiming to hold until the end of October. The last round of increases has already arrived! Do not get trapped in chasing long positions. Without good news, it may take three months to break even.

Monitor weak mid-levels and place orders at strong extreme points (Bitcoin stop-loss at 800 points, Ethereum at 25 points, SOL at 1.5)

SOL resistance weak 249.57 medium 251.75 strong 258.4

SOL support weak 246.43 medium 243.64 strong 240

ETH resistance weak 4610 medium 4630 strong 4660 extreme 4730

ETH support weak 4575 medium around 4550 strong around 4530 extreme 4450

BTC resistance weak 117500 medium 117900 strong 118100 extreme 120000

BTC support weak 166000 medium 116100 strong 114500 breaks down to weaken extreme 105500$BTC $ETH $SOL