Strategist's Late Night Analysis: (Issue 42)

BTC/ETH/SOL/DOGE

This morning's sharp decline reflects the reality of the crypto world, with pinpoint explosions clearly aimed at your liquidation point. Regardless of when you trade contracts, you must learn to control risks.

Tonight's trading idea: The oscillation upper channel has not been broken, and the solid pillars have been retracted. As long as this pattern holds, the focus is on buying the dips, with two buy positions at 96500/95500. If it breaks below 95000, cut losses and exit.

Ethereum: Compared to Bitcoin, this decline has been more severe. This morning's analysis showed there are no fundamental issues, and it has been particularly prominent lately. The retail market is overly optimistic, with too many FOMO long positions, leading to a direct plunge. Ethereum's long positions liquidated more than $200 million, compared to Bitcoin's $160 million. The market will never let everyone make money; if there are no good positions, it's better to wait on the sidelines than to jump in.

Tonight's trading idea: Buy at the two positions of 3700/3650, and exit if it falls below 3600.

SOL has been in a weak position recently, undergoing deep washing. Currently, it seems the downward channel has reached its bottom, with a chance for an upward trend.

Tonight's trading idea: Buy at the two positions of 212/205, and exit if it falls below 200.

DOGE: Buy positions at 0.4/0.388, with a stop loss at 0.38 to exit.

For spot trading, the lower it goes from this position, the more you should buy; don't be afraid to buy, that's the right approach.