Biteo吕不凡

ETH had a spike yesterday morning and another spike this morning, but the direction is indeed different. The highest point yesterday was 1857, and I happened to add to my position at 1840. This morning, the lowest point reached 1750. Because I didn't have any pending orders, I only reduced my position after waking up, and I didn't take much profit. The current breakeven position is at 1814, so I'm not worried at all.

On the four-hour chart, the MACD has formed a golden cross. If the price closes at around 181 at 8 o'clock, it will be considered valid. Tonight, we'll see if we should test the higher point at 186. The suggestion for entering south is to do it above 185. I have already placed my order, so I'll see how it performs tonight.

From the daily chart perspective, the bullish momentum has weakened. We just need one last wave of false signals to attract some fuel before a waterfall crash can happen. A 100-point drop can be easily managed, so in the next few days, I will focus on the logic of rebounding and moving south.

The price of $SOL has reached the position we talked about last night, around 145. The daily level correction is likely to drop to 130. The four-hour level has bottomed out, and there is a high probability of a rebound first, so I have exited my position.

For the four-hour level, Sol can rebound at most to 151. If it doesn't rebound, it would be best to drop directly to 130. If you are more aggressive and have a bottom position, you can adjust your holdings according to my high and low points.

Isn't Sol easier to trade than ETH? ETH is still at 180, suffering a loss of 50 points. For now, let's not worry about it. We'll see the results tonight. Stay calm, everything is moving in the right direction.

$BTC Compared to BTC, I think every time I entered the market during this round of rising prices for SOL has been very perfect. I basically entered at high positions and exited at low positions. My plan is to either aim for 145 or reduce my holdings by half now. I suggest you choose the latter, take your capital back, and use the remaining profit to aim for the 130 position.

The daily chart shows that the MACD moving averages have formed a death cross. The closing of the evening session can basically confirm this. The RSI moving average is currently running down with a value of 65, and it is expected to continue to decline. The middle band of the Bollinger Bands is around 130. If you just want to take a swing trade, you can look at the current situation on the four-hour chart. The RSI is currently at 30, and the lower band of the Bollinger Bands is around 145. Once it reaches 140, it is a support level, and it will definitely rebound, but reaching 130 is still a bit difficult.

By the way, I still have positions in BTC and ETH. I’m here with the short sellers, whether they have entered the market or not, there’s no need to panic. If you really feel that it’s not working, you can consider cutting losses. If you hesitate to enter, it’s serious enough that you can go north directly. Currently, the average price of BTC is 915, and I can only break even when the price reaches 910. The average price of ETH is 175, but I’m not worried; it can easily come down. Keep it up, short sellers.