Pure Technical Analysis

Bitcoin has just closed the monthly line, with a small bearish candle. There may be a pullback this month, likely leading to range-bound fluctuations. The weekly chart shows that bearish strength is weakening; currently, it appears to be in a large range-bound pattern.

For altcoins, taking Solana as an example, the monthly chart shows a medium bearish candle, which is more than half of last month's bullish candle. Over the past two months, it seems to be in a large range-bound pattern. The weekly chart shows a small bullish candle, which is contrary to Bitcoin's bearish trend, indicating that altcoins are at a phase of bottoming out. The daily chart shows a large triangle converging, which basically confirms the daily bottom.

Currently, I hold a large position in Solana, planning to sell half near 209 during a rebound, and will reassess the market conditions afterward.