Digital currencies have reached a critical threshold; can they gather momentum and reach new heights?

Bitcoin is steadily approaching the 100,000 mark, ETH has firmly established itself at a height of 3540, while SOL is securely positioned before the 200 barrier. They all exhibit a classic W-shaped bottom pattern and are gradually nearing the neckline area of previous highs. Encountering resistance here is quite normal in the market. If you prefer high-risk contract trading, considering timely profit-taking near the resistance area is undoubtedly a wise move. After all, if a successful breakthrough is not achieved, a double top pattern may form again. Only after it truly breaks through can we selectively intervene from the right side to ensure a stable and opportunistic entry. In this way, BTC may hope to return to the peak of 108,000, while ETH needs to rise to the 4,000 mark to face severe challenges again.

However, my 2x long-term position remains as solid as a rock. After all, the bull market has just begun, lasting just over two months, and there is still a grand market ahead of us for another year. I firmly believe ETH will reach a new height of 8,000, and SOL will witness the glorious moment of 500. Just holding firm is the best interpretation of the future!

Looking back, our right-side trading strategy for Sol was undoubtedly correct; it required us to act decisively only after confirming a breakout. However, last week Sol failed to break upwards as hoped and instead fell against the trend. But now, it has once again shown strong rebound potential in a W-shaped bottom, with 200 becoming its first resistance level, and 215 forming the second line of defense.

Regarding Sol's future trend, I hold a cautiously optimistic attitude. I will wait for it to confirm a breakout of the descending trend line at 220 before appropriately leveraging my position, following the pulse of the trend all the way to the target area of 260.

As for spot or 2x long-term investments, I suggest continuing to hold. After all, 70% of my positions are long-term layouts, while the remaining 30% flexibly respond to market changes. Once I capture a suitable point, I will decisively open a position. Just like the other day when we courageously entered at BTC 92,600, with solid support from the double bottom, we broke through the 100,000 mark in one go, and that sense of achievement and joy is still hard for me to forget!

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