Congratulations eth+btc broke 100,000 dollars 😆
Good brothers, today we won’t update the market first, let’s review Ethereum and sol.
1. Ethereum
The first image is the four-hour structure chart of Ethereum, the ascending triangle broke upwards, almost consistent with theoretical chart two.
But Ethereum had a false breakdown in the four-hour chart yesterday, surely some people went short, then stubbornly held on for 10 points 😇. After the breakout, the pullback definitely washed out some bulls, and at 3220 resistance a few bulls were also washed out, truly making it hard to earn money with Ethereum 😅
ps: Is it possible that Ethereum really broke below 3000 yesterday? It’s possible, but this structure is strongly bullish, with statistics showing only a 25% chance of breaking down.
The target for Ethereum's hourly structure is 3220, I shorted at 3220 yesterday, and in the time it took to grab a drink, it shot up to 3300 😋
2. sol
The sol hourly chart three shows a descending wedge structure, similar to the weekly chart of Bitcoin from March to October, also bullish, and after the breakout, the increase basically reached the target value. The previous high for sol is 260, and I believe the subsequent increase will be much larger than that of Ethereum.
Bitcoin is a parallel channel breaking through the resistance level, once it breaks, definitely cannot go short.
Reviewing the market is actually like looking at the answers to do the questions, whatever you do it all makes sense 🤪, just consider it practice.