Bitcoin rose by $8,000 in one day, and SOL and JUP set off a new round of climax!
BTC:
In the previous wave of rebound, we believe that the trend will reverse if it breaks through 60,600. This wave is also the same. The highest rebound is 62,745. The morning rebound tests the support of 60,600. The rebound touches the pressure below 0.618. This wave of rebound is also an effective rebound.
Like the previous wave, if it is to wash retail investors, there will be no sharp decline. Continue to pull up and let everyone chase the rise. There will be another wave of decline. Continue to break upward and everyone can't get on the bus.
The weekly line retracted the lower track of BOLL. The closing line this week is a long lower shadow line. KDJ crosses OBV again and pulls up quickly. The daily line rebounds close to the middle track of BOLL. At the same time, there will be short-term pressure below the three moving averages. However, in this half-year rising flag shock, the moving average does not play a big role. It is recommended to add positions if there is an opportunity to pull back below.
SOL and JUP set off a new round of climax
Solana (SOL) showed resilience, trading at about $115 to $178. Despite the recent declines in Bitcoin and Ethereum, Solana’s current dip could be an attractive entry point. A breakout above the nearest resistance at $217 could see another 25% upside. Strong minor resistance is just below $280, marking a 60% upside potential.
Despite the overall market decline, Jupiter (JUP) has managed to maintain a price range between $0.65 and $1.11. Bitcoin and Ethereum have fallen between 24% and 30%, and savvy investors may have spotted this decline in time. JUP is down 14.27% over the past week, but is up 18.05% over the past month and 68.29% over the past six months, which is impressive.
