$DOGE The market has undergone drastic fluctuations, and the doge has long since slipped into the empty gate, quietly watching others perform. Although the trend has deviated from the mainstream, success is achieving a follow-down, not a follow-up market. The good news is that both the gains and losses are not significant (just very doge). The bearish trend is obvious at both large and small levels, with the small level's morning pullback position successfully testing around 0.168. It shows a certain level of resistance to declines. The main issue is largely related to the lack of liquidity. The lower side is backed by two supports. In the short term, before the market breaks below 101, the doge can try to ambush some spot positions, and the risk-reward ratio is decent. Several positions that need attention
$SOL The market is accelerating upwards, SOL continues to consolidate at 157. Until the market starts to decline again, SOL will passively follow and collapse. The pullback is relatively smaller compared to other mainstream assets. Continuing to decline with downward spikes bringing volume rebounds. The strength and speed should show the necessary power. Continuing to adjust and decline throughout the day. Overall, the structure of the bullish rebound segment is starting to weaken. Pay attention to the retest of the previous low at 147. Small levels maintain the 147 level, bullish still has rebound expectations. Conversely, breaking down will likely turn into weak volatility. Several positions to pay attention to
$ETH ETH broke out of the bottom triangle and continued to break upwards, maintaining a relatively strong bullish rhythm throughout, which is generally in line with expectations. Finally, after standing above 2630, the small-scale closing showed a bearish engulfing pattern, and began to plummet rapidly with the overall market, with a large volume of decline and deeper drops. In the morning rebound after the US stock market, we can see a significant bullish force entering and a large number of shorts being closed. However, during the day, it still followed the major market and continued to decline. The current position is testing the morning low, with a small-scale rebound expected, not recommended to chase shorts. Several positions that need attention
250617 Daily Market Analysis - BTC Market Panic Again
$BTC A piece of news from the understanding king is preparing for the next round [fight over interests]. The US stock market has not completely broken down, and the crypto sector is once again leading the way. Last night's short squeeze market saw Bitcoin reach the range near the previous high. After liquidating a huge number of shorts, the market quickly fell. Moreover, after a significant rebound following a drop to 106 in the morning, overall market panic sentiment began to spread again. The market has been in a continuous downward trend today, the pain of a dull knife cutting flesh; only those in the midst of it can truly understand. Back to the market. The expected position for last night's pullback did not arrive, instead, the upward acceleration of the rising channel broke through and triggered many short stop losses. The smaller levels have again retreated into the channel, and the pullback to 106 did not receive support. As the market continues to decline, pay attention to whether there can be strong bullish price action near the lower edge around 105.
$BCH Since the V-shaped rebound after the market crash in April, BCH has maintained a relatively strong upward rhythm. Basically shows a negative correlation with the market trend, it runs its own market. The 4H level bullish market has not ended and has been maintaining high-level fluctuations. During this period, small pullbacks are consolidating near the large-level support and resistance exchange zone. If the market rebounds, BCH will immediately follow. The current position has no high profit-loss ratio, be patient and wait for a pullback buying opportunity. Small level maintains channel upward, focus on pullback near the lower edge and the overlapping area of the large-level support. Also, pay attention to price behavior.
250616 Daily Market Analysis - SOL Mass Production of S-1 ETF Applications
$SOL Recently, multiple institutions have submitted SOL ETF application documents [S-1] to the SEC. Moreover, from the wording of the SEC's response, it is evident that the level of [tolerance] has increased compared to the past. This also confirms that the traditional finance sector's openness to the crypto sector is becoming more evident. Simply from the SOL/BTC exchange rate, it can be seen that the large-scale has already formed a bottom consolidation structure for a period of time. In the future, when a new strong structure emerges from the bottom, I will continue to capture such signals. Over the weekend, amid the market's consolidation and fluctuations, SOL has quietly formed a bottom shape, quickly surged with volume last night, and made a pullback in the form of a pin bar. The rebound continues intraday. It started to face pressure around 157 and naturally fell back with the market.
$ETH Ethereum's weekend performance was not as weak as expected. After support was found at the lower edge of a large-scale wide channel, the small-scale consolidation over the weekend led to an upward breakout of the triangle. With the market rebounding, it has once again approached the significant level of 2630 where previous support and resistance were exchanged. As a region that provided short-term support during the decline and has been validated by past market behavior, it has started to face resistance and is naturally retreating when testing this area during the day. The upward momentum of ETH is noticeably stronger than that of Bitcoin, and it is highly likely that the short-term rebound is not over yet, and there are no signs of weakness at the current position.
$BTC After the extreme contraction and consolidation over the weekend, the market finally began to show changes on Sunday evening, with open interest and CVD starting to rise slowly, indicating the presence of spot buying and the entry of bulls in the contract market. A slight volume rebound in the morning, testing the 107 level. Currently, it is backtesting near the breakout level of 106. The overall fluctuation during the day is small, and whether the buying from the Asian and European sessions can continue during the US stock hours remains to be verified, as the US stocks are influenced by geopolitical factors in the short term, potentially preparing to change direction. This Thursday morning, there will be an FOMC interest rate meeting.
$PEPE The large scale has fallen back to the starting point following the market again. The hourly level has shown signs of stopping the decline and is following the market's low-level fluctuations. The upper and lower boundaries of the narrow range are relatively clear. The short-term performance is relatively weak, but the support around 1050 is obvious. Backing this line for a low long position has a decent risk-reward ratio. After two days of consolidation with obvious reduced volume, the right-side position can wait for a pullback after 1130 to stabilize before entering. Several positions to pay attention to
Support Position First Position 1080 Second Position 1050-1060 Third Position 980-1000 Pressure Position First Position 1168 Second Position 1205 Third Position 1240-1250
$SOL Again following the market downward to test support around 141 in the early morning, the intraday rebound shows significant bullish strength intervening. In a consolidation structure, SOL's potential double bottom pattern is being formed. After a large-scale decline, although the rebound is relatively weak, SOL is showing the resilience it should have. Bulls are paying attention to whether it can effectively stand above the W-bottom neck line at 149. A breakout with volume and stability has the chance to continue rebounding upward, creating a new bullish structure. Several positions to pay attention to
Support position First position 141 Second position 130 Third position 126 Resistance position
250615 Daily Market Analysis - ETH Seeking the Sword by the Boat
$ETH ETH's intra-day fluctuations are small, rebounding slightly after a morning pullback near 2480, with limited rebound height and resistance causing a drop. Short-term narrow fluctuations at low levels. Small-scale bulls holding this range still have opportunities for upward rebounds. Waiting for the consolidation structure to move in a new direction, backed by a larger bullish channel, so Ethereum doesn't need to be overly bearish in the short term. Several positions to pay attention to
Support level First position 2450-2480 Second position 2350-2380 Third position 2310-2320 Resistance level First position 2580-2600 Second position 2640-2660 Third position 2700-2720
$BTC Bitcoin is consolidating with reduced volume over the weekend, and there is no bullish or bearish trend at large or small levels. A high-level pullback does not require excessive bearishness until the key support at 101 is broken. In terms of news, the two conflicts have not settled yet, and next Thursday there will be the Federal Reserve's interest rate meeting. In the short term, this will have a certain impact on the entire crypto sector. So friends should still manage risks well during trading. Slightly surged during the day, testing around 106. The pullback lows are gradually increasing. There is no especially obvious short-term bottom formation. The trend is slightly oscillating upwards. The viewpoint remains consistent with previous statements. Treat it with an oscillation mindset in the short term. The boundaries of the oscillation range are relatively clear, still concerning.
$XRP Ripple has almost fallen back to its starting point in this round of decline, like other mainstream cryptocurrencies. Previous articles mentioned that the rebound speed and strength of XRP after each decline are also quite fast. Coming down from the high point, it has been consolidating in a wide fluctuation. Therefore, if the lower edge of the short-term consolidation zone gives another opportunity, it will be a good risk-reward opportunity. Several positions to pay attention to
Support Position First Position 2.07 Second Position 1.93-1.97 Third Position 1.61 (Spot) Pressure Position First Position 2.22 Second Position 2.36 Third Position 2.45
$SOL The rebound strength after the decline is weak, only rebounding to test the expected first resistance around 149. Extreme volume reduction retraction during the day. Weekend trading volume is sluggish, a narrow range adjustment is expected to continue until next week. Similar, still focus on the support near 141. Several positions to pay attention to
Support position First position 141 Second position 130 Third position 126 Resistance position First position 149 Second position 151-152 Third position 156-158 #solana Follow and like, wealth will grow Comment and follow, you will get rich year after year
$ETH ETH has shown a small-level stop-loss signal during the day, and the rebound strength is somewhat weak. The small level performs weaker than Bitcoin. However, the day has clearly shown reduced volume, and it is likely to maintain a weak oscillation in the future. It can be said that the previous stage of rapid increase in positions in the contract market, ETH performed brilliantly, but after a false breakout at a high position, combined with negative news hitting the market, the bullish stop-loss was also ruthless. In the coming week, a major upward trend must not break, and the bullish-bearish dividing line at 2350 cannot be broken; otherwise, the short-term bullish structure will be disrupted. The small level still focuses on the support near 2450. Before breaking this position, the risk of low long positions should be higher.
$BTC This week's last trading day of US stocks, after the cryptocurrency sector fell first, also experienced a similar high-level pullback. Morning rebound tested 106 and then faced pressure and resistance, beginning to oscillate downward during the day. Weekend trading volume significantly decreased amidst ongoing conflicts. Short-term bulls choose to temporarily exit and observe. The shorts after the rebound have not shown a significant resurgence. The view remains consistent with previous texts, still paying attention to the two potential supports at 103 and 101 during the minor pullback. Several key levels to watch
Support level First level 103060 Second level 101000 Third level 97720
$BNB The entire V-shaped reversal did not show particularly bright performance, slowly turning after a period of oscillating upward. It continues to decline along with the market during the day. However, the drop is relatively resistant compared to other altcoins. Clear continuation of small-scale bearish trend, after accelerating downwards, a rebound can be seen just as quickly. After the market shows a stop and rebound, BNB will only rebound faster and stronger. Several positions to pay attention to
Support position First position 640 Second position 634 Third position 625 Resistance position First position 659-661 Second position 669-672 Third position 682
$SOL After breaking the high-level narrow range, there was a slight rebound and short stay at the expected support level. Ultimately, it failed to hold and reverse, leading to a continuation of weakness, and continued to follow the market downwards. Finally, a smooth one-sided downward movement was completed within the day, returning to the starting point around 141. The small level bearish trend is obvious, and there is no clear stop loss signal for now, showing a significant weakness compared to the market. The current position is in a low-level narrow range fluctuation, and we will observe whether the bearish trend continues to expand. Small level oversold, but the rebound strength is not good, which can only indicate that very few people are willing to intervene at this position to bottom fish.
$ETH The previous article mentioned the false breakout at high levels, which ultimately combined with negative news, breaking below 2700, and the short-term bulls’ hope of attacking 3000 has to be set aside for now. Additionally, after the bulls' weak performance at high levels, there was a rapid drop during the day. The gains of several days were almost reversed in just one day and night. It can be clearly seen that retail investors and bulls have encountered a stampede in the short-term panic selling of ETH. The stronger the previous buying, the smoother the collapse. The large-scale ETH is still in an upward channel, although it was not expected to pull back so quickly. However, there is indeed a considerable accumulation of buying power near the lower edge support.