As Xiao Miao expected, the market has gone down. Are there any friends who are shorting?
BTC：
As expected, the current price was rejected after testing the H1 bearish OB, resulting in a downward distribution.
Pay attention to the liquidity acquisition in the current area. If you accumulate funds here, you can go long in the short term, and the target is to look at the H1 bearish OB first, and then the H4 bearish OB.
If there is no accumulation, remain bearish and watch for a test of Range-L. If it breaks below, new lows are likely.
ETH：
The current trend is still fluctuating downward, and attention is paid to the construction of the deviation zone. If it can stand firm on Range-L and then test upward, the target is H4 bearish OB.
Continue to pay attention to the Range-L area. If it can stand firm, it will be a buying opportunity. If it falls below and moves downward, pay attention to the test of EQL.
Currently long, the stop loss can be set at 3324.
The much-anticipated bull run and altcoin season is just around the corner. As market expectations stabilize, many promising altcoins are attracting the attention of savvy investors. The current calm market makes altcoin prices very attractive and are expected to see a significant rise. For investors seeking explosive growth, these cryptocurrencies could bring a 20-50x return on investment.
SUN
Solana (SOL) is trading between $120.65 and $144.15 as bulls and bears battle for control. Despite a 3.87% loss this week, SOL still holds onto a 28.69% gain in six months.
The current price is almost coincident with the 10-day and 100-day MAs, indicating stability. The nearest resistance is within reach at $159.67, and if the bulls break above this, SOL might target the second resistance at $183.17, which marks a potential 24% upside from the current levels. The RSI and Stochastics are showing bullish momentum, suggesting future growth. Keep an eye on these levels as SOL might move higher in the upcoming altcoin season.
MATIC
Polygon (MATIC) is currently trading in the $0.51 to $0.61 range. Despite the bears seeming to have the upper hand as prices fell over the past week and month, optimists are gaining momentum. The relative strength index (RSI) is close to 70, indicating bullish momentum.
The price may soon break the $0.67 resistance and aim for the $0.77 mark, which represents an upside potential of 30% or more. Although MATIC has seen a sharp drop of more than 40% in the past six months, its current momentum suggests that there is room for growth. If optimists hold on, we may see major gains in the future.
TON
Toncoin price has been in an uptrend since last week and paused near $8. The trend is intact and buyers continue to increase their long positions, awaiting further gains.
Once the Toncoin price successfully breaks through the $8 mark, it will trigger a short-covering trend, which will quickly pull the TON price towards $9.
Currently, TON price is $7.6, up 1.52% intraday, reflecting stable price action. Notably, the RSI curve remains above the midline area, showing a lack of bullish momentum in the past two trading days. Meanwhile, multiple doji candlesticks and bullish football patterns appear on the chart.
WIF
Despite the recent decline, Dogwifhat (WIF) is still showing signs of strength. Currently, WIF is trading between $1.23 and $2.29 and the long-term outlook is positive. Bulls appear to be gathering momentum, with a 55.59% gain in six months. Support is firmly established at $0.87, while the next big resistance is at $3.00.
The 10-day moving average is at $2.04, which suggests a possible uptrend. If the $3.00 resistance is crossed, the price could surge to $4.07, marking a significant uptick. The RSI remains neutral at 53.61, and the low stochastic value indicates oversold, suggesting a strong buying opportunity. Keep an eye on these levels because WIF could see a sharp rebound soon.
