《12.8 Market Analysis: Finding the Bottom in Fluctuations, Being a Follower of the Market Maker》
On Sunday, the market quickly plummeted. The several retracement targets mentioned last Friday have all been reached, which were originally expected to be hit this week; the acceleration caught us off guard. The support levels of sol128 and ETH2915 were also pointed out. The upcoming market has established a bottom range on the 3-day and daily lines; if there are further pullbacks, it is advisable to primarily buy in, and for those who cannot hold for long, spot buying is suggested.
In this fluctuating range, we should seek to build positions at the bottom. This process is relatively difficult, and it will also be a time node for repairing indicators and for the market maker to accumulate more before launching an upward attack. Therefore, we must be the followers of the market maker, sipping some soup with the market maker, to perfectly conclude our market for 2025.
On $BTC , today's short-term resistance is at 93400. If it holds here, don’t rush to short; the next resistance is at 95050. The short-term support below is 88500. If it does not break, the trend remains strong. Pay attention to the key support range of 86100-85700 below.
On $SOL , today's resistance for the coin is around 140. If it goes up, the resistance is at 144-149. It is recommended to mainly focus on buying on pullbacks, with attention to the support range of 125-124, 119. If you can't hold long, just buy in spot. The bottom fluctuating range is generally difficult for most people to hold long positions in contracts.
On $ETH , today’s short-term resistance for Ethereum is 3210. If it goes higher, the resistance is at 3282. The short-term support below is 2955; if it does not break, the trend remains strong. If it goes lower, pay attention to the support range between 2830-2810. Still, the bottom fluctuating range makes it hard to hold long contracts; spot buying is advisable.
In summary, we are about to see the bottom fluctuating range here. At this time node, the most cost-effective thing is to be a follower of the market maker, appropriately building positions when it comes down, and you can profit when the market rises. Don’t always think about taking down the market maker; following behind them and having some soup is already an honor for us.
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