BTC.ETH.SOL. Intraday Market Analysis
Good afternoon, brothers. After waking up, Bitcoin has risen another 4000 points, approaching 98000. It's skyrocketing. Those who bought Bitcoin this year are making a lot of money, while those who bought altcoins are losing a lot. The bull market in the crypto world only belongs to Bitcoin; other altcoins are just stuck in place, with some even declining. Fortunately, I advised everyone last night to move their short positions to 96000-98000. Currently, we can’t say we are making profits, but at least we aren't losing. It’s possible to take some profits, and we are just a little away from hitting 100,000; it should break at least once.
BTC
There’s not much analysis left for Bitcoin's current market. It’s still rising, and if it breaks 100,000, no one knows how high it can go. Bearish positions should focus on spot trading, while bullish positions should consider medium to long-term shorts, depending on your risk appetite. Starting from 100,000, you can invest in short positions with 1x or 2x leverage: invest 2% at 100K, 2% at 110K, 2% at 120K, 2% at 130K, and 2% at 140K. Set a stop loss at 150K, with a total investment of 10% of your capital. It's a small position to try; losses won't be significant, and you can attack when there's an opportunity or defend when necessary.
Bitcoin has small level support at 96731.95113.94000. Wait at least four hours for a close; if it breaks below 94000, this wave of rise can be considered over.
ETH
Ethereum is still stuck in place, and the daily line continues to adjust. If the four-hour close fails to stay above 3162, continue to look bearish. We should wait at least four hours for a close above 3162 before aiming for the two positions around 3220 and 3330. If it doesn’t close above, there’s a possibility of breaking the bottom support of the sideways zone at 3016. Once 3016 is broken, the next support levels to watch are around 2904 and 2808.
SOL
After a second test of the 230 support last night, SOL rebounded at a small level again. Today, focus on whether the four-hour close can hold above 237. If it closes above 237, this wave at the four-hour level can be considered completed. Watch for resistance above at 242 and 247. If the four-hour close fails to hold above 237, there’s still a possibility of further downside. Pay attention to support below at around 230 and 225.