《1.6 Market Analysis: Pullback After Rally Requires Preparation for the Next Trend!》
Yesterday's market broke through the 93400 resistance level and used it as support to rally up. We haven't reached the expected level near 96000 yet. Recently, we need to pay attention to whether a pullback after a rally will occur around this area. Yesterday's livestream also explained clearly that we're lowering expectations for a sharp surge here, and a pullback after rally is highly likely. This is to prepare for the next wave of trend, so recently we're watching how this short-term top plays out.
$BTC Bitcoin's current resistance is at 95800, which is around 96000. Support zones below are 91500-91100, and 90400 on the lower end. Recently still expecting a pullback after rally, and the support for the pullback shouldn't be too far off, so recently we can operate with short positions on highs and long positions on lows.
$SOL Ethereum's resistance is at 141.6, short-term support at 135.3 won't fall through and can still bounce a bit. Pay attention to support below at 132-131.
$ETH For Solana, if shorting, either wait for the model to form on the right side or try at 3370. Support below is at 3345 and 2990. The recent approach is mainly shorting highs and going long on lows.
In summary, the daily line discussion recently is about pullback after rally. As for where this top is, attempting to catch the exact top requires some luck and courage. But what can be certain is that the pullback won't be too far off, for example, don't expect it to go down to 85,000 or 84,000. When it pulls back to an appropriate level, it will start to rebound and consolidate, preparing for the next wave of surge. If you can't understand the market and can't grasp the direction clearly, welcome to join the Section Chief. Click to join the Section Chief community (follow the Section Chief, bringing you the latest market analysis and precise entry/exit points daily. Long and short positions are for reference only, strict stop-loss and take-profit required).
《1.6 Market Analysis: Pullback After Rally Requires Preparation for the Next Trend!》
Yesterday's market broke through the 93400 resistance level and used it as support to rally up. We haven't reached the expected level near 96000 yet. Recently, we need to pay attention to whether a pullback after a rally will occur around this area. Yesterday's livestream also explained clearly that we're lowering expectations for a sharp surge here, and a pullback after rally is highly likely. This is to prepare for the next wave of trend, so recently we're watching how this short-term top plays out.
$BTC Bitcoin's current resistance is at 95800, which is around 96000. Support zones below are 91500-91100, and 90400 on the lower end. Recently still expecting a pullback after rally, and the support for the pullback shouldn't be too far off, so recently we can operate with short positions on highs and long positions on lows.
$SOL Ethereum's resistance is at 141.6, short-term support at 135.3 won't fall through and can still bounce a bit. Pay attention to support below at 132-131.
$ETH For Solana, if shorting, either wait for the model to form on the right side or try at 3370. Support below is at 3345 and 2990. The recent approach is mainly shorting highs and going long on lows.
In summary, the daily line discussion recently is about pullback after rally. As for where this top is, attempting to catch the exact top requires some luck and courage. But what can be certain is that the pullback won't be too far off, for example, don't expect it to go down to 85,000 or 84,000. When it pulls back to an appropriate level, it will start to rebound and consolidate, preparing for the next wave of surge. If you can't understand the market and can't grasp the direction clearly, welcome to join the Section Chief. Click to join the Section Chief community (follow the Section Chief, bringing you the latest market analysis and precise entry/exit points daily. Long and short positions are for reference only, strict stop-loss and take-profit required).