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Keep an eye on the short-term candlestick charts; the recent movements have been quite interesting. After Bitcoin's sharp drop yesterday, there was another round of bottom testing in the early trading hours today, repeatedly testing the key support level formed by the previous high and low points, to assess the strength of this defensive line.
From various factors, the market is likely to enter a phase of consolidation and fluctuation. During this period, the key support level will serve as the central axis, with some range-bound tug-of-war movements, and wide fluctuations will be the main theme.
On the technical side, Bitcoin has support around 9060, and looking upward, the 93000 level is a relatively clear target. The performance of Ethereum and SOL is also worth watching, as they generally follow Bitcoin's rhythm. In the short term, close attention must be paid to the gains and losses at these key price levels.
Keep a close eye on the 9060 level, or else you'll get hammered again
93000 feels like it's getting further and further away
Why are ETH and SOL still following the trend? Don't they have their own ideas?
Short-term trading is too exhausting; I really don't know how to operate in this wave
Support levels must hold, buddy, or there's no bottom below
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Can 93,000 really hold? Feels unlikely.
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Watching the charts so tiring, might as well go all-in directly.
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Support level breaks and it's gone, don't rely too much on technical analysis.
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I'm already tired of Ethereum following the trend, when will there be some new tricks?
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Wide fluctuations sound exciting, but in reality, it's just a rhythm of cutting leeks.
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Can we buy the dip at around 9060? Brothers, who can teach us?
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Short-term traders are all gamblers; long-term is the way to go.
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Feels like another wave of buying is coming, set your stop-losses properly, everyone.
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Staring at the charts every day is really unnecessary; if you need sleep, just sleep.