Hello everyone, I am A Gan. Let’s talk about the current market situation.
1:Last night the US stock market opened low and rose strongly, with the Nasdaq index closing up nearly 1%. Tonight the US stock market will continue to open and close three hours in advance.
2:#BTC Bitcoin last night hit a low around 92520, which is almost the low point from the previous days, where it hit a low of 92232. Currently, the market trend shows that the highs are getting lower, but so far the lows have not broken. Bitcoin is currently facing several resistance points: 95700, 96600, 98200, 99600, with weak support at 93600 and relatively strong support at 92230, and strong support at 90000.
Bitcoin's performance was weak last night, continuously declining. The market is not following Bitcoin anymore, which is a good thing. Currently, it's best if Bitcoin can fluctuate in the range of 92000-95000 because it has risen too much before and now can't break through, which may lead a lot of funds to choose to shift to other coins, such as Ethereum, SOL, and other popular mainstream public chains.
3:#ETH Ethereum did not follow Bitcoin last night, Bitcoin's pullback did not affect Ethereum as much, the market was much stronger than the previous days. It pulled back near the high of 3350, the lowest pullback reached around 3260 and could not drop further. It then began to slowly rebound, peaking at 3466. The low points of Ethereum are currently slowly rising, at 3220, 3260, 3300. Resistance is around 3400, 3450. To continue rising, it needs to stabilize above 3450 for a chance to sprint towards the key position of 3550. Currently, if Ethereum stabilizes at 3300 during the pullback, the upward trend will remain. Short-term players should focus on low buying during Ethereum's pullback.
Last night during the live broadcast, I told everyone to buy near 3300, and I also reminded everyone to take profit if it couldn't go above 3450. Those who followed successfully made a profit of 150 points.
4:#SOL Last night did not follow Bitcoin, it rebounded after hitting a low around 180.8, gradually rising to around 193.5, a rebound of about 13 dollars. The low points of SOL are currently also being raised, 175, 180, these two relatively strong support points, small resistance at 194, strong resistance at 200. For SOL to burst, it must stand above 200 to have more upward space.
Last night I called everyone to buy near 181.8, then it rose to around 193 and advised taking half of the profits, the rest can be held until it can't go above 200 before selling. So far it hasn't gone up, but at least the trade is still profitable.
The overall trend of the market is still mainly in fluctuation, with no clear direction. Bitcoin, Ethereum, SOL, etc. are all trading within a range. I have mentioned a few times in the past few days that those without positions must maintain about 50% in spot positions, waiting for another pullback to buy the remaining 50% at the bottom. As for when to bottom-fish, if you cannot understand the market yourself, you can pay attention to my community notifications when it's time to buy the dip.
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