The U.S. stock market has violently rebounded, showing a short squeeze trend again. Bitcoin continues to follow the U.S. stock market upward. The rebound magnitude is still somewhat far compared to the U.S. stock market.
The good news is that the hourly bullish framework continues and has stabilized above 89,000. The rebound of the dispute is running along the upward channel.
The current position is cautious about pursuing more. Pay attention to whether it synchronizes with the U.S. stock market for a pullback in the evening. If it stabilizes around 89,000, then the rebound of the dispute has not yet completed. Consequently, the large-scale rebound continues to extend.
The small-scale rebound is once again significantly lagging behind. The current position has touched the short side, so one can only exchange narrow stop losses for a high risk-reward ratio. Therefore, it is essential to maintain good stop losses, work in segments, and take bites one at a time.
Upper pressure: 92354/94600/95800
Lower support: 89100/87700/86300
The small level's oscillation rebound continues, with the bulls' upward movement stronger than the market.
As the rebound volume shrinks significantly. And it enters the 4H level's upper support-resistance exchange position and selling pressure area.
The current position is cautious to chase long, as the funding rate starts to decline and the small levels show negative values. Many shorts have already begun to actively short. For the squeeze in the US stock market, the crypto sector is in sync.
Therefore, positions waiting for shorts need to act quickly to take profits, guarding against the market spiking up to hit short stop losses before coming down.
Upper pressure: 3060/3120/3182
Lower support: 2960/2880/2780
The rebound strength of SOL is obviously greater than the market. The rebound height has nearly reached the previous high point.
Then the potential bullish arc bottom at the 4H level will emerge. It may lead to an earlier bullish reversal than the market.
After testing around 144 during the day, it began to face pressure and resistance, with a small level expectation of a pullback, so be cautious to chase long again. It is a good profit-taking position for bulls.
If there is a pullback following the market in the evening, still pay attention to the performance of support around 135.
Upper pressure: 143.5/147/151
Lower support: 139.2/135/133
