The holiday ends on the 7th, brothers! Old Wang's countdown to return! A word of advice for the 300 subscribing warriors: even if you mess around during the holiday, it's best to leave me a bit of principal so that there's still a chance to recover. Don’t be greedy, and make sure to adjust your mindset! If there are any price errors, I'll send it out again.
1 pancake: Currently, the momentum of this round of increase is far stronger than the momentum during the last two attempts to break above 12. On the daily level, there is a doji star, and the strong support on the daily line has been raised to around 118000. The strong support on the four-hour level is near 118500 to 118000. Although there is a dead cross on the four-hour level, it is very likely to consolidate sideways instead of falling. Bullish energy can enter the market at any time. We need to pay attention to the news to see if it can create a new high. The current position and formation represent an important stage for both bulls and bears to make choices. There is a breakthrough in the downward trend line on the hourly level. The strong resistance is only around 122900 on the hourly level. If it breaks through and stabilizes, we should be able to see a new high. Currently, the situation does not look friendly for bears. We need to keep an eye on whether it can fall below 121500 during the day. If it closes below this price on a four-hour basis, we could see around 119500, and one could try a small long position. If it breaks down further, look towards around 118400. The safe position for entering long is around 118500, and a stop loss must be set, as there is concern about market manipulation by the main players. In the last two declines, there was no turning back.
You can also pay attention to the breakthrough around 123000 on the fifteen-minute level. If it doesn't hold, then take a light long position. As long as it breaks 123500, it's smooth sailing. For short positions, watch the weak resistance in the 123500 to 123000 range. There isn't much resistance above. For long-term shorts, I'll discuss it again on the seventh. Feel free to short lightly! There's no need to be scared at this position. You can short easily with a liquidation at 200,000. Adjustments will definitely come out.
2 Ethereum: Relatively weak, the voice broadcast yesterday mentioned that 4495 has not broken through yet. Additionally, it has been oscillating downwards for 15 minutes. It may need to wait for Bitcoin to consolidate at high levels before it can rise. This time the rise is similar to the previous two times, where it only exploded after Bitcoin went up and entered a correction. Friends with long positions can be patient. As long as it doesn't fall below around 4430 in the short term, there is still a chance to go up during the day, focusing on breaking through 4495. If it breaks through and stabilizes, we can see around 4540. If it stabilizes, we look for another breakthrough at 4690 in the next few days, aiming for 4735. This means that for short positions, we should pay attention to 4540, 4690, and 4735 during the day. Currently, it is grinding at 4495, and I do not recommend going short as it carries more risk. If it strongly falls below 4430, watch for a rebound at 4335. If it breaks below, then look at the extreme near 4240, unless the main force crashes heavily. From a daily perspective, there is a significant divergence in Ethereum's bullish and bearish positions, possibly due to the last wave of heavy selling causing long positions to be trapped and continuously fleeing. The four-hour chart shows signs of breaking the downward track. The long positions near 4440 that were suggested in yesterday's voice broadcast can be held as base positions to continue the pattern. The pattern is gradually breaking through to around 4735. In summary for Ethereum! It is not recommended to chase long positions; wait for a pullback to support to enter long as much as possible, while keeping a stop-loss to protect capital. The short positions are temporarily trapped and cannot come out, so just wait. The four-hour dead cross is almost finished, and it is about to turn around. Short-term, it should be difficult to break even. For shorting, try to watch closely for pressure levels; otherwise, it is easy to get trapped. If the momentum returns to Ethereum after Bitcoin's rise, there is a high probability of hitting above 4800.
Sol: Currently quite special, after the first rises, the second rises, and then it will be his turn. So there have been two consecutive daily candles down, being drained by the market. You just need to focus on not breaking 220 to enter. Daily chart. The four-hour chart is fluctuating around the strong resistance at 228, and if it can't go up, it will go back to test 220. The dead cross hasn't completed yet, and there are no signs of turning. Previously, I informed everyone to focus on shorting at 235 and 237. That also hit. If it breaks, look to short around 242.5 intraday. My advice regarding Sol is that when it drops, it doesn't look back, don't take a position against it, as long as the market suddenly reverses, Sol will be blood washed. Just trade key positions with stop losses. No worries, the 7th will be back.
