Good afternoon, family: Today, Bitcoin pulled back. Refer to the article I posted two days ago about the 4-hour upward trend. Boldly accumulate in batches when it retraces to the trend line. Tomorrow, there is a Federal Reserve interest rate cut meeting, and this rate cut of 25 basis points is basically a done deal. The news is favorable, and a pullback presents an opportunity. Seize every pullback in the market.
Market analysis:
$BTC Bitcoin retracement lures shorts, and it's been tough to chase this high position these past two days. Market news is favorable, and its pattern is basically: rise before good news, drop when good news is imminent, and when good news lands, it becomes bad news, leading to a pullback. For Bitcoin at this position, focus on 103300; if it stabilizes at 103300, watch the resistance levels above: 105400~107300~108400. Currently, it’s moving in a 4-hour timeframe, and if the market can't stabilize at 103300, it may continue a small pullback. Watch the support levels below: 101440~99400, buy on dips, and continue to look bullish in the future.
$ETH Ethereum is consolidating around 4020 without sustained funds. Today’s pullback is also the moment when institutional traders start buying. After the direct plunge today, I personally continue to see it as a lure for shorts. Tomorrow, when favorable news lands, the market will be driven by the news. The future should be bullish, so continue to accumulate on dips. Pay attention to 3800; if it doesn’t close below this level, it will halt the short-term decline. Watch the resistance levels above: 3900~3938~4020~4099. If it can't stabilize at 3800, the market will continue to pull back, and watch the support levels below: 3755~3671 for opportunities to enter long positions.
$SOL Both Bitcoin and Ethereum have retraced; the opportunity lies in SOL, as there are significant chances coming up. You can buy on dips; these recent pullbacks have all been on decreasing volume. After this period of consolidation, it will explode. I dreamt of breaking above 260, haha, just buy on dips. Pay attention to 228; after breaking the trend line, the market should rise. Watch the resistance levels above: 234~246~259. If it can't rise above 228, the market will continue to oscillate downwards. Watch the support levels below: 212~203~195, and be bold to accumulate in batches if it breaks down.
$DOGE Dogecoin has broken below the 0.4 mark, and the market maker wants to accumulate low-priced chips, continuing to lure shorts, preparing for the favorable news in January. If it can stabilize above 0.4 tonight, watch the resistance levels above: 0.413~0.429~0.448. If it can't stay above 0.40, watch the support levels below: 0.381~0.364~0.342, buy on dips and build positions in batches.
