Strategist's Late Night Analysis (Issue 44)
BTC/ETH/SOL/DOGE
Tonight's market is very critical, all at important positions.
The heavy resistance for BTC is at the 102,000 position. After dropping from 1,046,000, this position has been tested 4 times without breaking through. Whether this position can break through tonight will determine if we look towards 105,000. If it cannot break, we will need to test the 97,000/98,000 range.
For ETH, the resistance is at 3,950, which is also a heavy resistance level. If it breaks, we will look towards the previous high.
If it cannot break, it will pull back to around 3,700.
SOL has a resistance at 233. If it breaks through 246, but cannot stay above it, it will pull back to 220.
DOGE has a resistance at 0.425. If it breaks through, we will look at 0.453. If the breakout fails, it will pull back to 0.395.
Currently, based on market sentiment, the strategist personally sees a high probability of breaking upwards. The bulls have thoroughly liquidated during this drop, and there are now a lot of shorts remaining above.
Even if there is a drop to trap people, it must create momentum for an upward breakout to draw people in.
The market before the year-end will not stop here; it still has to break through a level, likely above 110,000. Afterwards, it will trap people again, start to pull back, consolidate for 1-2 months, and then initiate a new wave of a major trend.
