BTC is not doing well. From the 20-day line, it is still in wave A. From the daily level, the rebound neckline has been knocked down twice, which is a sign of weakness. From the small level, the 8-hour wave 3 failed, and the W-bottom breakout and retracement failed. The price of the currency may go to 53,500-55,000 at best, or drop directly to around 35,000-40,000 at worst. In general, the current risk is high.
Others, the copycat index is also very uncomfortable. The 10-hour rise of the 3rd wave failed. Every time it reached the previous high, it was sniped down. If so, the total market value is afraid that it will be at the current position of 179B. The operation is still difficult to operate, so it is recommended that you avoid copycats.
SOL, the spot and perpetual trends are somewhat different, but the spot failed to go up the trend line on the third pullback, which is also very frustrating. Given that the weekly line is running in C, it is better to be cautious.
In summary. With the failure of the small-level 3rd wave, our expectation of a relatively large pullback to the trend line or neckline has failed. We are still in the environment of the 20-day line A wave (downward killing) of the market. We should be cautious and adopt a strategy of running away if it is wrong to avoid being deeply trapped. In particular, you cannot hold altcoins!
