Hello everyone, I am your cat brother. A lot has changed in the time I have been writing. I won’t say anything long-winded today. Let’s get straight to the point.
First look at $BTC
This was the situation just now. I found out that there was a dive before I even took the screenshot of the chart... The biggest problem is that it has fallen below the 4-hour middle line. This position cannot be broken. Once it is broken, even if it is a pin break, it means that the bullish trend at the 4-hour level is over.
After breaking this point, we no longer advocate long positions. We need to be more careful. There was a period of time in between that had not been consolidated, and it was not uncommon for the market to see an accelerated decline. It will not fall directly and never turn back. There is a high probability that it will rebound, but if it rebounds, we must be extremely cautious. If it falls below this point again, and there are still profitable long positions, it is recommended to run first.
Hey, it's falling while I'm writing this, what the hell. Let me continue here, it shouldn't fall below 564, once it falls below, there is no consolidation in the middle section of the daily line, if it rebounds and falls below again, there is a high probability that it will go out of the same market as the flash crash. The upper track price of the daily line has been falling, yesterday it was 597, today it is 596, although there are signs of stopping the decline on the lower track, but the prices of the upper and middle tracks have been falling, which means that we are still in a large downward channel, and the rise in the middle section is like a big rebound in the process of decline.
Next, let’s look at the weekly chart. If there is a small top on the weekly chart, it will be in the range of 606-630.
On the monthly chart, after 5 consecutive declines, 610 can basically be used as a reference value for the small top. If the September top is 610, then given some time, this 37,000 pie is not impossible.
Next watch $ETH
Ethereum is a completely untrustworthy liar. No matter how high it rises, it will eventually fall back. 2400 is simply an iron ceiling, but the actual resistance level is 2414-2440, which is the strongest support level before. A large number of people are trapped here. The current support is at 2325. If the daily line can make a support at 2350, there is hope to break through 2400.
But just now, after Bitcoin fell below the 4-hour middle track, Ethereum also followed suit and fell even before the opening of the U.S. stock market.
Looking at the resistance range of Ethereum, you will know how difficult it is to raise the price. Ethereum does not need to accelerate its decline, it can slowly fall to around 2150 if it continues to decline like this.
If you feel this is too pessimistic, there is another more optimistic possibility, as shown below
If we can do this, we will be able to reverse this downward trend. If we cannot break out of this pattern, we will only go lower and lower until the weekly line touches the lower track, then we will have the possibility of a "Jedi counterattack."
How many big investors will be trapped by Ethereum’s play this way? Is this an attempt to torture all the big investors to death before pushing the price up?
Next see $SOL
It has fallen below, it has already fallen below, just look at the picture. Now we need to pay more attention to the market.
Then take a look at bnb, just look at the picture directly, if the market changes, I won’t write so many words
Finally, don’t buy the bottom, at least don’t buy the bottom before 4 o’clock. If it doesn’t close at 56471 at 4 o’clock, it’s completely over. It can’t be pulled back to 568, and the decline cannot be confirmed.
