捞金者

Jin Jin Talks About Big Pancakes: Amid the changing winds of the market, the price of big pancakes has dropped from a high of 95,500 to the range of 93,600, continuously releasing signals for making trades. Even during the quiet weekends, the market shows a tendency to fluctuate downwards, with each wave of market movements containing opportunities for operations at the thousand-point level.

In the ups and downs of the cryptocurrency sea, 'thinking cautiously', 'thinking long-term', 'thinking about changes', and 'thinking about retreating' are essential to preserving investment gains.

710 points, easily achieved!!!

Jinjin Prediction: It has already reached the front line, continue to fluctuate on Monday, target 91800.

Golden Analysis: Observing from the 2-hour K-line trend, SOL is currently forming a head and shoulders pattern, a classic bearish technical formation that is beginning to take shape. If the price effectively breaks below the neckline support (the key price level needs to be confirmed with real-time market conditions), and subsequent rebounds cannot regain the neckline, the short-term downside risk will significantly intensify.

It is expected that the price may test two key support levels: the first support level may be located at the bottom of the recent concentrated trading area, providing initial cushioning; if this level is lost, the second support level will refer to the Fibonacci retracement level or previous important low points. It is important to note that the cryptocurrency market is highly volatile, and technical patterns should be judged in conjunction with macro market sentiment, BTC correlation, and on-chain data.

⚠️ The above analysis is for technical discussion only and is for reference only.
#sol板块

The price of Bitcoin retraced below 93 yesterday, then rebounded above 95 during the day, and is now around 94500 for correction. Overall, the price is currently in a consolidation phase. Yesterday was Black Friday, and if the upper level does not break the high tonight, then it will likely retrace to around 91000, and even 89000 is possible. Not even Jesus can stop it, as I said.

Currently, the price trend of Ethereum (ETH) exhibits significant interconnected characteristics, and its market performance is overly dependent on other cryptocurrencies. Taking yesterday's market conditions as an example, in the absence of substantial news-driven factors, Ethereum was passively lifted by the collective rise of altcoins, making it difficult to establish an independent market trend based on its own fundamentals.

From a technical analysis perspective, the current price of Ethereum is nearing a critical position on the long-term downtrend line. This sensitive point has become the focal point of the tug-of-war between bulls and bears, with market divergence significantly intensifying. Based on technical patterns and market sentiment, there are two possible scenarios for future trends, as analyzed below:
First scenario: The price continues to oscillate and build momentum below the trend line, and as short-seller strength gradually increases, it ultimately faces pressure and breaks below the trend line, initiating a new round of downward market movement;
Second scenario: If bullish funds manage to collectively break through the trend line resistance strongly next week, there may be a technical pullback to confirm the effectiveness of support, and after the pullback stabilizes, an upward trend is expected to continue.
Personal opinion: Short-term cautious, medium to long-term optimistic, for reference only.

The overall market sentiment for the current situation is still leaning towards the bearish side, there is no doubt about this. However, the bearish momentum is still somewhat lacking, which indicates that the bearish momentum is still present. This is to clean out most of the people in the market, so we need to adjust our mindset and face it calmly. In the evening, we can continue to treat it as a rebound to short.

Operational Suggestions

Short around 1800, with a target of 1750-1700.

Short-term trends show a pattern of fluctuating upward movement. However, the market's trading volume has not been satisfactory; during the recent rise, the trading volume has not effectively increased, indicating a certain lack of bullish momentum. If the price struggles to break through the key resistance level of $95,000, it is highly likely that we will see a phase of retreat and adjustment. Based on this, tonight's trading strategy suggests focusing on short positions; you can attempt to position short orders when the price rebounds to the high level around $94,800, with target price levels set in the range of $93,800 - $91,800!