12.15: Weekend Market Overview

$BTC Bitcoin closed with a bearish doji star in the morning, the market is unclear, and there are many scams around, it is recommended to stay in cash

Bitcoin has been fluctuating within a range over the weekend, facing resistance at 101928 with no way to go up, only retreating step by step; since it can't go up, it can only come down or move sideways, and we can look for opportunities within the range

The 1H chart shows a Gartley pattern, with the BC forming a predicted D point reversal zone between 100331-100403, go long at D point, with a stop loss at 99708, T1 target at 101221, T2 target at 101766. Risk-reward ratio is about 1:1.4-1:2

$SOL has indeed been performing very weakly, constantly consolidating within a range; the poor performance of SOL has led to a similar situation for MEME across the whole chain, WIF/BONK/PNUT have all been greatly affected; this round has had a significant impact on DEFI, those of us holding MEME need to wait for the next sector rotation for MEME to take off again. SOL currently supports at 215.11, 209.78, 206.61 and resistance at 226.45, 233.7, 240.94

The above information is for market analysis only and should not be used as trading advice; follow me to stay updated for the latest news and price analysis every day, as well as the wealth codes you want, remember to like and follow!