1. Market Overview
$BTC Bitcoin: Today, Bitcoin is oscillating around $100,000, and this state clearly has signs of a potential trap, seemingly indicating that the market is brewing a big trend. Can it directly hit our second target of $109,300? We still need to patiently wait for the market to clarify further.
$ETH Ethereum: Ethereum has recently shown strong performance, with significant purchases from institutions like BlackRock and ongoing inflows from ETFs, leading to robust buying power for ETH. Currently, Ethereum is oscillating around $4,000, and it is worth closely monitoring whether it will directly break through next week or take a slight adjustment.
$DOGE : DOGE has performed well in the past two days; the long position we called at 0.435 yesterday has reached both the first target of 0.453 and the second target of 0.463 successfully. The entire Dogecoin series has also shown some performance, indicating that while Bitcoin and Ethereum are consolidating, Dogecoin seems eager to make a move. However, at this time, it is recommended that investors remain calm and avoid blindly chasing prices.
SOL: SOL has shown slight fatigue recently, and although the SEC rejected its ETF application, the SOL team has not given up and continues to submit new applications. This may be SOL preparing to create speculation space for the upcoming ETF application. For investors holding SOL, it may be worthwhile to remain patient and continue holding.
2. Candlestick Trend Analysis
BTC 4-hour candlestick trend: Resistance level: around $101,186 to $103,905 Support level: around $97,262 to $98,892 ETH 4-hour candlestick trend: Resistance level: around $4,006 to $4,133 Support level: around $3,905 to $3,960
3. Technical Analysis
Volume Analysis: The volume for Bitcoin's 4-hour candlestick cycle is gradually decreasing (influenced by lower trading volume over the weekend), please pay attention to the pressure level around $101,186.
Trend Analysis: The trend indicators for Bitcoin across large, medium, and small cycles are all showing a bullish trend, and we continue to expect upward movement. The short-term trading strategy suggests buying on dips.
MACD Indicator: The MACD indicators for Bitcoin at 2, 3, and 4 hours are all showing a 'no root' water pattern, indicating a demand for a short-term price pullback. The short-term trading strategy also suggests buying on dips, and once the price pulls back to important support levels such as double bottom patterns on smaller time frames (15 minutes, 30 minutes, 1 hour), it will be the best time to enter long positions. Please ensure you set stop-losses and manage risk properly.
4. Trading Recommendations
Short-term trading mindset: When the price pulls back to the important support levels noted above, you can enter with a light position (spot trading mindset). Contract trading mindset: While buying on dips, please maintain a contract trading mindset, manage risk properly, and ensure you can stop losses in unfavorable situations.
5. Risk Warning
Investing carries risks; proceed with caution when entering the market. Before making investment decisions, be sure to fully understand the market situation and project background, and avoid blindly following trends.
