12.8 Market Analysis: Finding the Bottom in Consolidation, Be the Whale’s Follower

The market plunged rapidly on Sunday, and all the retracement targets mentioned last Friday have been reached. Originally, it was expected to hit these levels later this week, but the market accelerated unexpectedly. The SOL 128 and ETH 2915 support levels were also highlighted. Looking ahead, both the 3-day and daily charts have established a bottom range. If there are further pullbacks, it’s best to go long; for those who can’t hold for long, spot buying is recommended.

In this consolidation range, we should focus on finding bottoms to build positions, though this process is challenging. At the same time, this is also a period where indicators are repaired and whales are accumulating again, preparing for the next move up. So, we need to act as the whale’s follower—ride along and secure profits to wrap up our 2025 trading year perfectly.

$BTC
BTC: For Bitcoin, today’s short-term resistance is at 93,400. If it holds above this level, don’t rush to short; the next resistance is at 95,050. On the downside, short-term support is at 88,500. As long as this doesn’t break, the trend remains strong. Pay close attention to the 86,100-85,700 support range below. $SOL For SOL, today’s resistance is around 140. If it goes up, watch for resistance at 144-149. It’s recommended to focus on buying the dips. On the downside, watch the 125-124 and 119 support zones. If you can’t hold long positions, buy spot. In this bottom consolidation range, holding contracts long-term is tough for most people.

$ETH For ETH today, short-term resistance is at 3,210. If it goes higher, the next resistance is at 3,282. On the downside, short-term support is at 2,955. If this holds, the trend remains strong. If it drops further, watch for support between 2,830-2,810. As mentioned, it’s a bottom consolidation range; holding contracts long-term is not easy, so spot buying is an option.

In summary, we are about to enter a bottom consolidation range. At this stage, the best risk-reward move is to follow the whales—build positions on dips and be ready to profit when the market surges. Don’t always think about taking down the whales; just following them and catching some profits is already a win for us. Click to join the Section Chief’s community (Follow for the latest daily market analysis and precise entry levels. Long/short strategies are for reference only; stick to strict stop-loss and take-profit. Section Chief’s exclusive 20% fee discount code: KEZHANG888) #美联储降息预测