This evening, the US stock market stabilized. BTC/ETH has been falling for half a month, with a sharp decline over 5 days. After closing the weekly and monthly candles yesterday, it finally started to regain momentum. Currently, the ultra-short-term rebound trend on the 5/15min charts has emerged. The 1h/2h/4h charts are not yet formed. The next move is mainly a short-term pullback, with a high probability of a stabilization path for the medium and short-term, so buying on dips during the pullback and stopping losses on a breakdown is the best trading strategy!

After the candle closes at 8:00 today, the market will briefly pull back to test the bullish candle body of yesterday’s daily candle, but it will not break the body!
BTC/SOL is slightly stronger, ETH has slightly larger fluctuations; for better space, the second pancake is better, for stability, the third pancake is better!
BTC support/resistance levels: 70900-74450 / 83960-86670
The continuous decline without rebound over the past half month has thoroughly stripped the market’s bottom layer, leaving nothing to plunder. Therefore, as long as the support levels are maintained, actively deploying 10-20% spot positions, and using pullbacks in futures to build small to medium-term positions that don’t break support is the way to go. If support is broken, stop losses. This is the upcoming trading approach.
ETH support/resistance levels: 2225 / 2749
There are some minor support/resistance levels at 2515/2625. If the trend forms, the ultimate goal is still to break above 2749!
SOL support/resistance levels: 85 / 95 / 109 / 133-142.5
No need to say more. If it’s just a little below 95, it’s not touched, and it’s hard to say it’s not a deliberate target by the big whales!
In terms of trading: actively buy on dips, and short positions must exit quickly every day. Otherwise, don’t short or you might get trapped. Although there have been continuous sharp declines in recent days, currently BTC/ETH/SOL are at very critical break points. The risk-reward ratio for going long is indeed good. Don’t worry about breakouts; a breakdown means a loss, but if it doesn’t break, it’s a big profit!
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