"Market Analysis on the 2.6: Continue to be cautious of the big needle, whether it can reverse depends on this line."
It's another day of a waterfall wash, with Bitcoin dropping 33% over 9 days, Ethereum down 40%, and Solana down 47%. The fear index is at 5. At this point in the market, any fluctuation can trigger emotional waves. However, before Bitcoin reaches the key resistance level shown here and stabilizes, there are no signals of a steady rebound. Coupled with yesterday's doji candlestick pattern, the subsequent market movement raises further concerns.
$BTC Bitcoin needs to watch the trend line position in the chart—when can it break above? Or when will the resistance at 69,700 be broken and turn into support? That would be a sign of a bottoming and stabilization. If it drops again below 59,800 this morning, I also see two support levels at 57,700-57,400 and 54,700. These are potential support levels in the near term, for reference. Whether to buy the dip depends on individual judgment; I can't guarantee this is the lowest point. $SOL Solana has plummeted, with support at 71 and resistance at 90. It’s hard to turn strong before breaking above these levels. The best next move is for it to oscillate between 71 and 90. If it breaks below the morning low of 67, the support below is at 54. $ETH Ethereum's trend is similar to Bitcoin. Watch when the key levels can be broken—support at 2,815 and resistance at 2,035. If it drops below the morning low again, support is at 1,605.
In summary, the trend here still has the potential to continue crashing. Until the levels mentioned above are broken, caution is advised against accelerating declines. The support levels provided below could be used for bottom fishing—whether to buy depends on personal judgment. The extent of the rebound is not something individuals can decide. Currently, follow the price action and take it step by step. If you don’t understand the market or are unsure of the direction, you are 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, with strict stop-loss and take-profit rules). #当前行情抄底还是观望?
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"Market Analysis on the 2.6: Continue to be cautious of the big needle, whether it can reverse depends on this line."
It's another day of a waterfall wash, with Bitcoin dropping 33% over 9 days, Ethereum down 40%, and Solana down 47%. The fear index is at 5. At this point in the market, any fluctuation can trigger emotional waves. However, before Bitcoin reaches the key resistance level shown here and stabilizes, there are no signals of a steady rebound. Coupled with yesterday's doji candlestick pattern, the subsequent market movement raises further concerns.
$BTC Bitcoin needs to watch the trend line position in the chart—when can it break above? Or when will the resistance at 69,700 be broken and turn into support? That would be a sign of a bottoming and stabilization. If it drops again below 59,800 this morning, I also see two support levels at 57,700-57,400 and 54,700. These are potential support levels in the near term, for reference. Whether to buy the dip depends on individual judgment; I can't guarantee this is the lowest point.
$SOL Solana has plummeted, with support at 71 and resistance at 90. It’s hard to turn strong before breaking above these levels. The best next move is for it to oscillate between 71 and 90. If it breaks below the morning low of 67, the support below is at 54.
$ETH Ethereum's trend is similar to Bitcoin. Watch when the key levels can be broken—support at 2,815 and resistance at 2,035. If it drops below the morning low again, support is at 1,605.
In summary, the trend here still has the potential to continue crashing. Until the levels mentioned above are broken, caution is advised against accelerating declines. The support levels provided below could be used for bottom fishing—whether to buy depends on personal judgment. The extent of the rebound is not something individuals can decide. Currently, follow the price action and take it step by step. If you don’t understand the market or are unsure of the direction, you are 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, with strict stop-loss and take-profit rules). #当前行情抄底还是观望?