$BTC
Brothers, ETH has currently broken below the previous upward trend, and the market is showing signs of bearish dominance in the short term, with a significant drop in volume and a contraction in rebounds. The RSI is also in the overbought state, and the MACD is about to form a death cross. Overall, the risk is increasing. It is not advisable to chase high prices at this time. If your holding cost is below 2800, you can hold with peace of mind. The key support below is around 2880; everyone can pay attention to this level and be ready to ambush at the right time.
The current strategy is to watch and wait for opportunities. If ETH can return to an upward trend and break through 3260, then you can chase long positions, with an upward target looking at 3500; conversely, if the current trend is maintained, pay attention to the support performance at 2880. For those who followed my long strategy released on the 8th, you may consider taking profits as the target has been reached. Closing positions or retaining part of your position can be flexibly adjusted according to your own strategy.
Looking at BTC, it is currently performing stronger than ETH, focusing on the support of the 20-day moving average. If it can stabilize and rebound, it is expected to rise further, targeting 93500; on the contrary, if it breaks below the 20-day moving average, it may enter a phase of correction, with the support level around 72600.
SOL broke through 210, and the market sentiment is clearly optimistic, with a short-term expectation to impact 260. Currently, bulls are dominant, but if it cannot hold above 210, the price may retrace to 189, or even touch the 20-day moving average at 178. Short-term strategy: Bulls need to continue supporting the price above 210; if successful, the target looks towards 230 and above; if it breaks below 210, the retracement pressure will increase.