One logic needs to be understood: Previously, Bitcoin was moving sideways at the top of the weekly level, with funds rotating to pump other zones; now Bitcoin has begun a pullback at the weekly level, making it difficult for other coins to swim against the current, so they can only follow down. Therefore, for those who currently hold long orders, let's keep a low profile, don't stubbornly hold on and don't randomly increase the position; wait until it drops to the target position, and then decisively layout when the time comes. Otherwise, when it rises later and it's our turn to speak boldly, we might regret not entering a position!


Key points of today's market
• Bitcoin (BTC): After breaking the second support during the night, it rebounded, focusing on 110540
◦ If it holds above 110540, a 1-2 hour level rebound will start, with resistance levels at 111680→112570→113600;
◦ If it cannot stand above 110540, it indicates that the rebound lacks strength and will fall again, with support levels at 108570→107440→106370.
• Ethereum (ETH): After breaking through multiple supports during the night, it rebounded, with 4450 being the key.
◦ Hold 4450 and stabilize, a 1-2 hour level rebound begins, resistance levels 4515→4590→4678;
◦ Unable to stand above 4450, weak rebound continues to fall, support levels 4373→4310→4260.
• SOL: After falling to the third support, it enters a bottom sideways, keep a close eye on the sideways zone.
◦ Break through the sideways top 189 to rebound upwards, resistance levels 195→199→202;
◦ Falls below the sideways bottom of 185, continues to probe down, support levels 180→176→173.
The current market is mainly about waiting and observing. Don't chase the rise or fall; wait until the key points become clear before taking action. Set a good stop loss and prioritize stability!
BTC-2.67%
ETH-5.42%
SOL-2.37%
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GateUser-0b44d784vip
· 08-26 05:54
Steadfast HODL💎
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