Hello everyone, I am your Cat Brother. I watched the market too late last night and got up too late.
Let’s start from $BTC
At the 4-hour level, we can see that after the violent fluctuations last night, the market started to pull up again at around 4 a.m. Now the 4-hour level is a strong bullish pattern. You don’t need to pay attention to where it rises, but where it falls. If it falls below 618 and cannot rise above 618 in a 4-hour period, then you need to pay close attention, as the reversal may start here. The previous reversal was also expected to be positive due to the interest rate cut, so it could be speculated. After this reversal, there is no more room for speculation, so you must pay attention.
Then look at the daily line
At the daily level, we need to pay attention to the breakthrough of 628, because the monthly line does not support a price higher than 654. Therefore, 628-632 is likely to be the top this time. If you want to go short, you must also go in with a stop loss. Here, a potential support is at 605. If there is a pullback, it will still rise again before it breaks. If it breaks 597, then the daily level bullish position is over.
Next watch $ETH
My long orders and spot of Ethereum are still there, but if the price falls after this kind of rise, it will be very cruel. The chips are not in 2150-2250. It is best not to join in the excitement. There is a potential support at 2389. If it falls back, let's see if it can hold up here. 2420 is a resistance level, and 2450 is a strong resistance above. The limit value can only be seen at 2520 for the time being.
From the daily chart, 2450 is a big hurdle. I also hope that Ethereum can rise again, instead of drawing doors endlessly. If you have multiple orders stuck, you can start to slowly reduce your positions, such as those who are stuck at 2500-2550.
Next watch $SOL
It has already approached the resistance level, the resistance range of 138-140. If you were long at 138 and were trapped, you can reduce your position by half and wait and see if you want to have a pattern. Or move the stop loss to 137.5. If it is swept, don't take it. If it is not swept, keep holding it. The rise of sol is even more outrageous than that of ether. For this kind of rise, we can only pray that it will not fall. If it falls, it will basically be a "flash crash". You can try to enter a short position here, but it is not suitable to open a long position here. If you want to bet on it, you can see the entry position without me telling you.
Looking at the daily chart, multiple key positions overlap. If Sol can break through 141, then there will be an accelerated rise to above 145.
Finally, let’s take a look at BNB
The price has come to 561 again. Friends who opened long positions at 538 or higher before can consider reducing their positions here. Those who did not reduce their positions before and wanted to go to 573, but ended up being trapped, now you have another chance. Recall how much the BNB of 593 normally corresponds to, and you will probably know how much 573 corresponds to and how much it has risen.
Finally, I was also stopped out. The short orders I opened last night were all stopped out this morning. The attached picture is as follows:
Showing the loss chart is to let you understand the purpose of stop loss. When the price moves out of your opening price, you move your stop loss to a key position, or close to your opening price. In this way, if you are hit by a loss, you can start over. The left side is like this. The winning rate is not good, but the profit and loss ratio is good. I can go to a higher position and wait for it again if I am hit by a loss. It is not a problem if I am hit by a loss 2~3 times. If it is right once, all the losses will be returned with the principal and interest. As long as you are not a "iron fool" and have a little more patience, it is almost impossible to be hit by a loss 2~3 times in a row. On the normal left side, the profit and loss ratio is 1:3 as the lowest value, and it will normally exceed 1:10. Why are you afraid of a loss?
Finally, at this price, I do not support the idea of continuing to chase long positions. Most of the stocks are close to the resistance level. Betting on it to break through is like opening a short position at the tip of a needle after a sharp drop, betting that it will continue to fall. If the bet is right, it is also good luck.
The right trades may not always make money, but if you want to make long-term profits, you can only make the right trades.
The resistance levels are clearly marked. When opening a short position, wait patiently to see if the resistance is broken. Do not open a short position on a big positive line. If the resistance is blocked, wait at least 1 4 hours before entering a position. Solitaire players must use a stop loss.