Currently, trend judgment only requires looking at BTC. Due to insufficient funds and lack of activity in the market, ETH and SOL are merely following, at most amplifying the fluctuations a bit.
Currently, BTC is around 93000, which is a key position with multiple critical levels.
1. It is the high point of the last rebound.
2. It is the resistance level of the 4-hour EMA moving average. Since November, every rebound has not broken through this resistance level.
3. It is above the middle track of the daily Bollinger Bands.
If BTC does not drop back below 91500 in the next 3 days, then the previous continuous decline pattern will be considered broken, possibly leading to the strongest rebound since this decline. Why is it a rebound and not a reversal? Because a reversal in the moving average pattern requires time to confirm.
If BTC confirms it stabilizes and exits the downtrend, then one can increase positions in ETH and SOL during dips, as both of these coins are severely oversold in this round.
