Market situation: Don’t rush to catch the flying knife
#BTC hasn't reached a true low point yet. Capital is pouring in like ants, and a single bearish candlestick could easily break through. Going long now is too risky, so it's safer to wait and see or even go short on a rebound. The key will be whether it can hold steady at 111 over the weekend.
#ETH is stronger, breaking through the trend line and forming a Double Botto. The volume and pattern are strengthening. It is expected to continue to be bullish after the short-term volatility ends.
In terms of copycat:
- Prioritize familiar mainstream counterfeits: SOL, IMX, ENA, LDO, AVAX, ONDO, WLD, ETHFI, etc.
- The second is the new tokens in the top 100 by market capitalization: such as XPL, ASTER, etc.
- Finally, look at the small stocks outside the top 100 by market capitalization . Although the opportunities are great, the risks are also high.
The copycat season has just begun, and the next step is when short-term traders will show their skills.
SOL
Sol has fallen 5.1% over the past 24 hours and is currently hovering around $201. Support is expected at $198, while resistance is around $216. The trend is narrowing, and everyone is watching: if it holds $198, a rebound is possible; if it falls below, a further correction is possible.
The short-term direction depends on whether it can break through the range, and the linkage between volume and BTC will be the key reference.
BNB
It will take some time to consolidate from around 600 to the psychological barrier of 1000 in the short term before a new trend can emerge.
During this period, my thinking was very simple: increase positions at low points, take profits at high points, execute plans mechanically, and don’t think too much.
DOGE
Dogecoin rebounded around 0.23, and the weekly structure shows that a major breakthrough is brewing.
From a technical perspective, it has experienced explosive growth along the long-term trend line many times, and now the pattern is gathering momentum again. If the historical rhythm continues, the target range may directly point to 0.7 to 1 US dollar, or even hit a new high of 1.3.
Of course, the prerequisite is to first break through the key level of 0.4. Market sentiment is also ignited by the anticipation of the spot Dogecoin ETF, and there may be a big drama to come.
The market moves in waves, and it’s easy to get lost if you go it alone.
If you want to seize the next wave of doubling opportunities, welcome to join my circle and watch the market, communicate, and buy the dips with a group of old friends! Together we can avoid detours and outperform the next bull market! Communication + V: Mixm5688 or Penguin ID (QQ): 3806326575
