"1.6 Market Analysis: A Pullback After a Surge to Prepare for the Next Trend!"



Yesterday's market once again broke through the resistance at 93,400 to support the rally, and we haven't yet reached our expected level around 96,000. Recently, we should keep an eye on whether there will be a pullback after the surge near this area. Yesterday's live broadcast also clarified that the expectation of a skyrocket from here is overly optimistic; most likely, there will be a rise followed by a pullback. This is to prepare for the next trend, so the current focus is on how the short-term top will develop.

$BTC The current resistance for Bitcoin is at 95,800, close to 96,000. The support zones below are 91,500-91,100 and 90,400. Recently, the trend remains a rise followed by a pullback, and the support during the pullback shouldn't be too extreme, so recent strategies can involve shorting at high points and buying on dips.

$SOL Suozi's resistance is at 141.6, with short-term support at 135.3, which must not be broken for a potential rebound. Watch the support levels at 132-131 below.

$ETH JiuCaiFang suggests that to short, either wait for the right-side model to appear or try at 3370. The support levels below are 3345 and 2990. The recent approach mainly focuses on shorting high and buying low.

In summary, the recent daily chart discussion centers on the issue of a rise followed by a pullback. Determining the top requires some luck and courage. However, it’s clear that the pullback won't go too low, such as 85,000 or 84,000. Once the price pulls back to a suitable level, it will start to rebound and consolidate, preparing for the next upward move. If you don't understand the market or can't determine the direction accurately, welcome to join the Chief. Click to join the Chief community (Follow the Chief for daily market analysis and precise entry points. Long and short positions are for reference only. Strict stop-loss and take-profit are recommended).
BTC0.63%
SOL3.27%
ETH-0.12%
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