Market Stabilization

#BTC☀

《Market Stabilization — Current Market Analysis》

With the strong rebound of Bitcoin, it indicates that the correction phase has temporarily come to an end. The trend seems to show that after Bitcoin reached the resistance near 101800, the rebound momentum has weakened. The support for Bitcoin is around 98900, still indicating an upward trend.

Ethereum is similar; after a significant drop, it has returned to the upward channel, with resistance around 4080 and support around 3740. Regardless of whether the market is correcting or rebounding, both the Bitcoin ETF and Ethereum ETF in the US are seeing net inflow of funds.

This has washed out a lot of weak hands in the market. Yesterday, Taco also mentioned not to easily give up your holdings during market corrections, as this will lay a solid foundation for our future gains.

Solana has a resistance around 236, which is a key position to determine whether there can be a good breakthrough in the short term. Friends with heavy positions need to reduce their holdings here, while others can patiently hold their coins and wait for an increase.

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