Good evening, bros. After five bearish daily candles, we've finally stabilized and started to see a little bounce on the smaller timeframes. This aligns with what I mentioned during the live stream the other night about this downtrend possibly coming to an end. I also noted at noon that the longer the bottom consolidates, the higher the chances of a breakout. This afternoon, everything started moving up, especially SOL, which hit the first resistance level I mentioned yesterday. We saw a daytime bounce, and now it’s starting to retrace in the evening.
Throughout the day, the market broke above the white line and began a 4-hour level rebound. Moving forward, as long as we see a 4-hour pullback that doesn't break the white line, the bulls will keep pushing for an upward consolidation. Key focus is still on the first resistance level I shared at noon yesterday (consider taking a small short position here). Only a breakthrough above this resistance will push us higher, and if we break above, we should look to short around the highs from the 15th!
If we can’t break the first resistance level tonight, then we’ll be looking for a pullback to the white line. If we break below the white line, this 4-hour level rebound will likely be over, and we’ll need to watch the previous low around the 19th for another pullback. So, the plan is to take a small short near the first resistance level and wait to add more around the highs from the 15th. If we can’t push higher and break below the white line, then we’ll just wait for support down below for some small long positions!
Tomorrow night should see increased volatility. The last couple of days have been pretty calm, so you can continue to reference the resistance and support levels I shared at noon yesterday. The main direction is still short, so as long as we push up, feel free to take small short positions without worry! #BTC走势分析
Throughout the day, the market broke above the white line and began a 4-hour level rebound. Moving forward, as long as we see a 4-hour pullback that doesn't break the white line, the bulls will keep pushing for an upward consolidation. Key focus is still on the first resistance level I shared at noon yesterday (consider taking a small short position here). Only a breakthrough above this resistance will push us higher, and if we break above, we should look to short around the highs from the 15th!
If we can’t break the first resistance level tonight, then we’ll be looking for a pullback to the white line. If we break below the white line, this 4-hour level rebound will likely be over, and we’ll need to watch the previous low around the 19th for another pullback. So, the plan is to take a small short near the first resistance level and wait to add more around the highs from the 15th. If we can’t push higher and break below the white line, then we’ll just wait for support down below for some small long positions!
Tomorrow night should see increased volatility. The last couple of days have been pretty calm, so you can continue to reference the resistance and support levels I shared at noon yesterday. The main direction is still short, so as long as we push up, feel free to take small short positions without worry! #BTC走势分析