Core Trading Philosophy: Do not predict rises and falls, short on resistance, long on support, only engage in high risk-reward ratio speculation within the system.
The market is unpredictable and may experience "sharp rises and falls" at any time, so the only thing that can be done is to manage risk well:
Before placing an order, think carefully about stop-loss and take-profit levels, and determine position size based on risk.
SOL has reached the W neckline position (145), pay attention to whether 145 can break through with volume; if it breaks and stands firm, it can look for a rise to around 168;
If it is blocked and fails to break through, it will continue to pull back to around 123. $btc $ETH $BTC $
BTC shows a strong reversal, but the upward momentum is currently weakening. As the price reaches 94K, the 1-hour RSI has entered the overbought zone and has formed a top divergence (a signal for a pullback).
At this moment, it cannot be considered a reversal; it can only be seen as a rebound. If it firmly stands above 94K and breaks through 96K, only then can the trend be considered reversed, potentially reaching around 100K.
Support levels are 90.5K and 87K, while resistance levels are 94K and 96K $BTC $ETH $BTC
ETH hourly levels hit overbought, and the previous high faced resistance, with upper pressure at 3100-3150. If it breaks through and stabilizes, it can be expected to reach around 3250.
If it fails to break through, watch for a pullback to the 2970 support. If it breaks below 2970, it could quickly reach 2860, and the lower trend bottom at 2750. $btc $ETH $BTC
BTC has rebounded from an oversold condition, currently near 873. If it fails to break through or creates a false breakout, it may drop back to 840 and fluctuate within this range;
If it successfully breaks through and stabilizes, it will accelerate from around 904, with resistance at 873 and 904 above, and support at 840-832$BTC $ETH #加密市场回调
ETH is currently stabilizing at the bottom. In the evening, pay attention to whether it can break through 2890 (0.618). If it fails to break through, it may retrace to 2780 and 2677;
BTC has rebounded from an oversold condition, currently facing resistance at 88.3K. We will observe the situation at the opening of the U.S. stock market this evening.
If it cannot break through, we will look for support at the lower level of 85.5K, with 80K currently seen as a short-term bottom.
ETH is currently in a downward channel. If it retraces without breaking the previous low of 2958 and rebounds to break 3148, then we can look at the pressure at 3258.
A breakout is required to consider the trend reversal, with support at 2910 and 2850 below, and resistance at 3150-3250 above $BTC $ETH #加密市场回调