一哥交易经

$SOL
SOL's entire segment rebounds passively. And it moves upward in an oscillating manner. Although there are no obvious strong actions at the top, it can't withstand the strong market winds that lift it up.
During the day, it reached the support-resistance exchange level on the daily chart. It is currently testing the selling pressure above. Although there is no obvious increase in bearish volume, the bulls are still not very strong.
No recommendation to chase long positions at the current position. Be patient and wait for opportunities to buy on the pullback.

The pullback stabilizes near support, and we continue to look for a rebound and oscillation upward to digest the selling pressure above.
Resistance above: 177/180.5/183.8

Support below: 172.6/169.4/166.8

$ETH
On Monday, when discussing ETH, from the perspective of exchange rates, it broke out upwards from a high-level consolidation, starting last night to break through the previous high. Following this, ETH continues to make a push towards the 4000 mark, with a high probability of breaking above. In the short term, ETH is clearly stronger than BTC, and shorting temporarily does not yield good results; going long in line with the trend is more stable.
ETH reached the previous high near 3940 this morning and has been continuously consolidating in a narrow range. High position with reduced volume is consolidating instead of falling.

For those without low-position long positions, try not to chase long positions now; the profit and loss are relatively small.
If there is a pullback in the evening, pay attention to whether the two key supports at 3880/3750 can stabilize effectively. Then observe if the new round of bulls continues to push towards 4000.

$BTC
The previous text mentioned the construction of a W bottom on the 4H level for Bitcoin. After a pin test pullback at night, it continued to break upward during the day.
Then the bottom reversal is established, and the equidistant one-to-one position has also reached as expected.
Whether it can continue to rebound depends on if the bulls can regain support around 1155 during the pullback and stabilize effectively. Above is the descending trend line formed by connecting the high points in the entire high consolidation area of Bitcoin. If it can break through this range with volume and effectively stabilize above 1185, there is still room for upward movement for the bulls.
In the evening, pay attention to the support around 115. If there is a deeper pullback and a breakout, still focus on the support at 112 on the daily level.

$SOL
SOL has been passively pushed up again. After breaking 167 with volume on a smaller scale, it has been continuously consolidating and pulling back with decreased volume throughout the day.
After testing this area with a pullback, it will follow the market to rise. And it will form a new bullish structure on a smaller scale.
Thus, subsequent strategies can consider adding to positions on a pullback.
Pay attention to the price performance at the support level of 167.3 in the evening. If it does not break on the pullback, continue to look for a rebound upwards.
After breaking the upper daily pressure level of 176, it will be tested during this rebound. Therefore, it is necessary to reduce positions at this level for long positions.

Upper pressure: 176.7/183.5/186.9
Lower support: 169/164/161.2/157.7

$ETH
ETH is consolidating around the midpoint of a wide oscillation at the daily level at 3660.
In the morning after the US stock market, volume increased and broke above 3750, followed by a sustained upward movement. Small-scale bulls have regained strength.
The current position is relatively close to the previous high. The risk-reward ratio for chasing long is not suitable.
Patiently wait for a lower entry position after the pullback.
In the evening, pay attention to the price performance at the 3750 support during the pullback. If it holds steady, the bulls may continue to extend towards new highs.
Upper resistance: 3840-3876/ 3940-3973/4120

Lower support: 3730/1660/3600/3550

$BTC
Yesterday mentioned and continued to show weak oscillation at low levels. While the 4H level is forming a bottom structure, it finally welcomed a surge and broke upwards during the day.

For short-term bulls, if the reversal structure emerges, there is a high likelihood of breaking through the upper resistance and potentially challenging historical highs, even setting new highs.
Recently, there has been a lot of news and data. In the evening, it is necessary to pay attention to the price action near the W bottom neck line around 1155 after the pullback breakout.
If it does not break below during the pullback, confirming that support is valid, a rebound will continue.
If it follows U.S. stocks and dips too deeply, falling back below 115, then it can be considered a false breakout, and the market will likely continue to return to a weak oscillating rhythm. Pay attention to the support around 114/112.

$SOL
SOL continues to consolidate weakly. Short-term bullish momentum is lacking. After multiple pressure tests of the rebound, it ultimately follows the market trend and falls with increased volume.
The decline is not deep, but the rebound is very weak, with small levels in narrow oscillation. The current price is 163, and this position has low trading value. I personally do not recommend participating in this narrow oscillation area. With unclear direction, the risk-reward ratio for both sides is not appropriate; it is only suitable to observe with an empty position.
In the short term, treat it with an oscillation mindset, mainly short on rebounds, with some support for long positions.
Only after the 4H level stands firmly above 176 with strong volume can it be considered a bullish reversal. Otherwise, it should be treated with a mindset of oscillation and correction.

$ETH
From the perspective of the exchange rate pair, the recent strong rhythm of ETH has slightly weakened. However, the degree of weakness is not as pronounced as that of Bitcoin, highlighting ETH's strength passively.
After testing 3740 with a rebound pullback, the market continues to consolidate around the midpoint 3660 in a large-scale high-level consolidation structure. Ultimately, it followed the market and fell with increased volume, and the rebound test has not returned above this area. Therefore, in the short term, it is weak and has not brought about a reversal structure. In the evening, observe the price performance near the support at 3550. The support is effectively tested again. There is hope to see the continuation of the rebound, absorbing selling pressure upwards while waiting for a breakout.

$BTC
Affected by the US stock market, Bitcoin had a significant drop last night. However, the price did not fall too deeply. Instead, there was a lot of buying support, forming a potential bullish bottom structure on the 4-hour level. In the evening, we can pay attention to whether the bulls will continue to exert upward force, and whether they can ultimately stabilize above 1155. Only then is there hope for Bitcoin to continue to rise.
If the evening callback is too deep and does not stay above 115, and drops below 1128 afterwards. It is highly likely to maintain a downward oscillation rhythm. Pay attention to the major support levels around 112/108 below.
Resistance levels above: 115500/116400/117200/118500/119500

Support levels below: 112800/110840/109300/107500

$SOL
SOL shows a weak pullback to 157 followed by a volume contraction rebound. After standing above 167, it continues to consolidate weakly.
In the short term, there is no obvious bullish or bearish volume. After a pullback rebound to resistance testing at the daily level, there is still an expectation of a pullback.
Patiently wait for another test of support around 157 for a pullback test. If it holds, then we will look for the bottom formation to emerge and form a reversal.
Weakly following the US stock market and the overall market continues to adjust downwards. If it breaks below 157 again, the short-term bullish trend will soon turn into a bearish trend.
Currently around 167, support and resistance are switching positions, oscillating back and forth, with both sides being 50-50.
Pay attention to whether it can remain stable at the 4-hour level. After stabilizing, we will continue to look for a rebound.

$ETH
After a small V-shaped reversal, ETH has begun to see selling pressure at key positions, with clear resistance preventing upward movement, leading to high-level fluctuations.
At this position, the small scale does not consider chasing longs, as the risk-reward ratio is not proportional.
The 4-hour level is expected to pull back, with attention on the slightly larger support area around 3500-3550 for another retest.
If it follows the overall market and continues to weaken, keep an eye on the possibility of revisiting the daily level support near 3330.
For the bulls, there is a chance to continue seeing a rebound only if it remains above 3660. It will then test the pressure at 3750/3860.

$BTC
The big pie is weak with a shrinking rebound. Bulls are showing obvious weakness. The failure to increase volume upward creates a precarious situation. The massive crash last August 5 is still fresh in our minds. Many people's positions were ruthlessly taken away.
At such times, it is recommended to hold back. When the position is evenly split, avoid frequent low-value trades. Patiently wait for a clear direction before entering trades; there will still be opportunities.
Back to the market.
The big pie hasn't completed a downward volume on the 4H level, and the rebound's shrinking volume cannot bring the price back above the key level.
After the small volume has shrunk to the extreme, a round of explosive volume to choose direction will only occur once the accumulated long and short chips are sufficient.

$SOL
SOL continues to be weak, and there hasn't been a strong rebound where it should have, let alone a reversal.
The buying pressure from the bulls can be said to have completely given up resistance. Ultimately, it found support around 157 on the daily level, leading to a small-scale oversold rebound.
A rebound is not a reversal. The bullish framework has not emerged. A volume-decreasing rebound is unlikely to last long. Therefore, it's unnecessary to chase rebounds in weak coins. It is better to patiently wait for a larger structure to show signs of a stop and reversal before entering, as it will be much more stable.
In the evening, observe the performance near 157 again following US stocks. If it holds, a small double bottom will form, and a potential reversal may be established.

$ETH
ETH has been continuously declining over the weekend. After a small volume drop to 3350, a shrinking rebound has begun.

The rebound volume is not strong, pay attention to whether 3550 can break above with volume and stabilize. Only by establishing a small bullish framework can we continue to see the rebound extend upward.
If the rebound tests the resistance and continues to be blocked, pay attention to the correction to the support around 3440-3400 or even near the previous low.
The small bullish framework has not fully formed yet, so the larger corrections may continue. Therefore, it is not recommended to chase long positions directly at the current position, as the profit and loss are relatively small.
The rebound continues to rise, pay attention to the pressure test around 3660. If it fails to test, short positions backed by this area of pressure have relatively high profit and loss.

$BTC
Bitcoin CME futures have a large gap, which was filled under the stimulation of news last week.
Except for gold, most global stock indices (excluding the Shanghai Composite standalone index) were slightly affected and declined.
A new week begins. After two consecutive days of decline over the weekend, the short-term market bears chose to reduce their short positions.

The market rebounded without volume during the volume-shrinking consolidation. Bulls are not very active. Most off-market funds are still choosing to wait and see. On the daily level, pay attention to whether it can regain the daily-level bull-bear watershed of 1185 this week. Only by regaining the area above it will there be an opportunity to look up and impact the previous high or even a new high.

$SOL
The decline under the SOL dispute is basically synchronized with Bitcoin and Ethereum, showing obvious weakness, and the small-level volume drop is also quite straightforward.
It is obvious to see the flow of funds between sectors; the withdrawal of liquidity will only cause altcoins to drop more sharply than Bitcoin.
After the small level follows the drop of 157, which is the support level on the daily chart, a stop-loss finally appeared. However, the bearish volume has not been fully released. A rebound with decreased volume cannot bring the price to a higher level.
Observe the performance upon re-testing the support around 157. The current position shows a relatively weak rebound, and small-level short positions require quick profit-taking. After all, during the decline from a high position, a considerable increase in short positions and residual long positions without stop-loss has accumulated. Near the support level on a larger scale, a clear contest between bulls and bears will occur. It is not a time to be aggressive for either long or short positions.

$ETH
ETH continued to decline over the weekend, after testing large-scale support, a small-scale stop-loss occurred, but there was no strong bullish intervention to bring about a reversal. Under the continuous mild increase of bears, the bulls also gave up resistance. Finally, a stop-loss signal appeared at 3370. A small-scale rebound began during the day. The volume is not strong and has significantly decreased. Therefore, there is no need to be overly ambitious with long positions for the rebound.
Observe the price performance near the previous lows again. Whether it can form a bottom consolidation area and follow the trend on the right side will be relatively safer.
If the rebound continues to be weak, it will be suppressed by the bears again. Watch if the daily support around 3330 can hold.

$BTC
$BTC
Bitcoin continues to decline over the weekend, although there wasn't a massive release of volume, the capital inflow during non-US stock trading hours is also significant. The continuous downward trend in sales finally showed signs of halting in the morning. The market has begun a small-scale upward fluctuation. Does this mean we are about to see a comprehensive rebound?
Last week's bearish sentiment, following the release of non-farm payroll data, unexpectedly revealed strong employment numbers that were later revised down for May and June. (Americans also play the game of inflated figures). Bulls faced panic selling from retail investors again, while outside bulls chose to remain on the sidelines.

$SOL
After SOL 176 volume increased and stopped falling, a noticeable rebound occurred with reduced volume. Initially affected by a pullback, followed by bearish pressure from overall market data, shorts continue to increase downward volume. Eventually, a stop loss signal appeared at the intra-day support of 167.

Next, watch how the weekend consolidates; look for reversal signals before aiming for a rebound upwards.
The small level SOL's pullback is relatively deep, and the expectation for a rebound from overselling is approaching quickly. The prerequisite is to hold the support around 167.3.
Small level bearish, with a heavy trend of large level pullback. Rebound to key resistance and touch for short positions has a decent risk-reward ratio, but still requires quick profit-taking. Like other currencies, although the bullish rebound is weak, there is a lot of recent news impact. There will also be a lot of frequent spike movements.

$ETH
The new month begins, and for ETH bulls, it is crucial to see if they can complete an impact above 4000 this month.

From the perspective of exchange rate strength and weakness, ETH bulls, after a period of strength, have begun to follow the market's weak consolidation and continue to show relatively weak performance at high levels. There is a potential expectation of a short-term pullback. The speed and intensity of institutional buying have passed the most FOMO timing.
Patiently wait for the pullback to end before looking for suitable opportunities to enter.
Back to the market, ETH is rapidly following the market downwards. The main reason is still the aftermath of Fed Chair Powell's hawkish remarks.