The essence of Zhao Changpeng's statement is to remind investors not to engage in contrary actions—do not impulsively buy when prices are artificially high, and do not sell at low prices during market panic.
Buying low and selling high is the way to make money. However, in reality, many people are led by market emotions, being greedy and chasing highs when prices rise, and being afraid and cutting losses when prices fall, resulting in repeated losses.
Zhao Changpeng uses straightforward language to expose this common misconception, especially suitable for the highly volatile cryptocurrency market. $BNB $ETH $SOL #美股大跌 #加密市场回调
Ethereum has started to strengthen, just recently making a collective dip, and has now begun to rise strongly, with the current price having surged to around 1820. The upper short-term resistance at the previous high of 1850 can be monitored for a potential breakthrough!
Trend Analysis: From the four-hour chart, Ethereum is still within a range of sideways consolidation, and there are currently no signs of a breakout from this range. Pay attention to tonight's U.S. stock market opening to see if it can drive a breakout trend in the crypto market. The short-term resistance to watch is at 1850; if broken, it could potentially challenge the significant resistance at 1950. On the downside, just keep an eye on the support at 1750!
Compared to Ethereum, I have a more optimistic view on SOL. I believe my earlier analysis has been noted by you all; the minor support levels have not been broken, with multiple wicks touching the support, yet it remains a strong support level, indicating SOL's strength!
At the same time, I believe you all have seen that XRP's ETF has been approved, so the next one is definitely SOL. Don't ask why! If news of SOL's ETF approval comes out, it could potentially spike directly to 180 in a short time, as this is a resistance level I have been paying attention to for a long time!
Currently, SOL is approaching the important resistance level of $153.65.
A direct success at the beginning of the new week 🎉🎉🎉
This morning, KOMA saw a sudden surge shortly after the market opened, with profits doubling to over 150%. A good start is very important as it represents a new atmosphere; let’s continue to win all the way!
When the market is confusing, it’s essential to observe and learn more. Once the opportunity arises, we can seize it! #KOMA
Bitcoin experienced a drop early in the morning, directly breaking below the short-term support of 94,000, with a brief low around 92,700. It has since rebounded and returned to around 93,700, so we need to watch if it can regain a position above 94,000.
In terms of price movement: Looking at the four-hour trend chart, the effective support below has not been reached, indicating there is still a risk of further decline. If the rebound cannot return above 94,000, then this is merely a temporary bounce. Today's upward focus is on resistance points at 96,000 and 98,800, while the downward focus is on support near 91,800, which is also the gap fill position on the CME chart and an overall support level for the upward trend!
In summary, Bitcoin is at an important crossroads.
$SOL hasn't updated its analysis for a while. The last time Sister Sheng told you to buy was around the price of 115, and it has now risen to around 156, which is an increase of over thirty points in profit. The current price has pulled back to around 148.
The price targets for $SOL are 180, 203, 263, and 293 USD.
In terms of trends: The recent surge in SOL is relatively strong, but there are signs of short-term resistance to the rise. There hasn't been any particularly outstanding meme on-chain, which has also hindered its rising value. Currently, there is a rebound at the small-level support around 145, but there is still a risk of breaking down. Next, pay attention to the depth of the pullback and the on-chain activity. The effective support below to watch is around 136, while the major resistance is still around 180! #SOL走势分析
Ethereum is still in an effective oscillation range. After briefly falling below 1800, it quickly returned above that level. At the same time, a spike high near 1860 has appeared again. Let's pay attention to what kind of fluctuations will happen tonight!
Trend Analysis: $ETH On a smaller scale, the short-term support below has not been reached. Next, we will continue to watch the support level at 1750. We should also pay attention to whether the pressure at 1860 can see an effective breakthrough. The current overall trend is not very strong; most of the time it is following Bitcoin's movement without an independent market. #ETH走势分析
Bitcoin oscillated all day yesterday, and today it also experienced a brief spike, briefly touching around 95,500 in the morning before quickly retreating to around 94,000. Is this a false signal to buy or sell?
In terms of movement: From the four-hour chart, the spike did not exceed the previous high around 95,800, and the pullback also did not break below the support range of 94,000, making it hard to choose. It is not clear whether this is a false signal to buy or sell; it is advisable to observe more and act less. In terms of smaller resistance levels, besides the previous high, the major resistance area above is around 98,800! Below, pay short-term attention to 94,000, but special attention should be given to the support around 91,800!
Is the buying power sufficient to push the price to the psychological level of $100,000, or is the market preparing for an adjustment wave? #BTC走势分析
Ethereum has just broken through and made a spike, briefly touching around 1840. The pressure level mentioned by Sister Sheng at 1830 aligns with expectations. However, the price has since retraced, currently oscillating in the range of 1800-1810. We should pay attention to whether this spike indicates a top signal or is guiding us forward!
In terms of price movement: The small-level focus on the sideways oscillation range is effective. As it stands, it is still operating within this range, but it seems there is a desire to break through and create an independent market trend? Continue to monitor the upper and lower bounds of the range and watch for effective breakouts or breakdowns! Oscillation range: upper bound around 1830, lower bound in the 1688-1700 range! Ethereum still has opportunities tonight and tomorrow for an independent market trend. Can it be seized? #ETH走势分析 #以太坊的未来
Bitcoin has risen to a new level, the short-term pressure of 94,000 has been broken, with highs approaching 96,000. It has stabilized above 94,000, and the current price is around 94,600. With low liquidity on Saturday, it can oscillate and digest here for two days!
In terms of trends: The short-term pressure of 94,000 has been broken and stabilized, so we should focus on the next pressure point. From the four-hour breakout perspective, the next significant pressure range above is around 98,800, which can also be seen as an important pressure zone before the 100,000 mark!
Below, pay attention to the pullback range of 94,000, as well as the strong support range of 91,800-92,000. Currently, the market situation looks good, so let's see what new developments will happen next week!
Finally, a soul-searching question:
Will Bitcoin break 100,000 before May, everyone!!!
Don't underestimate Ethereum, it can still maintain its position within the range, which is quite good! In the case of Bitcoin being stagnant, it has also been flat, showing no independent market movement, and remains quite weak. The current price is running below 1780, so let's pay attention to tonight's developments!
In terms of trends: From a smaller time frame, the support below is still as Sister Sheng mentioned earlier, with a short-term support at 1750, and a strong effective support in the range of 1688-1700, after all, this is the previous high point range of the consolidation. Above, we should continuously watch the resistance line near 1830 in the short term; if Bitcoin remains stagnant, breaking through this resistance level could potentially trigger a rally! #ETH走势分析 #以太坊的未来
The big pie has indeed started to fluctuate in this range, just as mentioned in yesterday's analysis by Shengjie. The lower support level of 91800 is effective, touching it has led to a strong rebound up to the pressure zone near 94000, and the current price is operating around the middle at 93000.
Trend Analysis: In this small wave, there was no immediate choice to drop down, but rather a decision to consolidate here. Therefore, the market makers are likely observing the market reaction in this range. If the general sentiment is bullish and aiming for 100,000, there may be another wave of drop for liquidation. If most voices indicate that we've reached the peak and it's time to drop, it's likely to consolidate for a while before continuing to rise!
Key Levels to Watch: The fluctuation range is 91800-94000, with a pressure point around 98600 after a breakout from this range, and support to watch near 88500 below! #BTC走势分析