All my BTC long positions have been closed with a profit of about 3,000 points! I originally planned to close the long positions and then immediately go short with a target price of $93,000, but the price only reached $92,500 at its highest. I missed the short position by a little bit, otherwise I would have made a profit from both the long and short positions.
After a short-term price surge, it quickly retraced and has been fluctuating back and forth recently, forming a triangle pattern. The price falls back when it hits the upper edge and rebounds when it hits the lower edge. The pattern is now nearing its end and a directional breakout is imminent.
The 90,000 level is both a strong short-term support and adjacent to the lower edge of the triangle pattern, so a direct break below it is unlikely. If it were to break down directly, there wouldn't be this repeated up-and-down price action; after the consolidation, it would most likely break upwards again. For smaller timeframes, long in the 90,000-90,300 range. Once the triangle pattern breaks upwards, keep an eye on the 93,000-94,000 area. Looking at the overall 4-hour chart, there's likely to be another upward move, at least reaching another secondary high.
ETH is currently forming a triangle pattern on the smaller timeframes. The price just touched the upper edge of the pattern and was immediately pushed back down, indicating heavy selling pressure above. It's currently in a minor correction, but after this consolidation, it's likely to retest this resistance level. In the short term, it's long for a pullback before entering a long position, around 3056. This level is also a recent low and represents strong support. As long as it doesn't break below this level, a subsequent upward move is highly probable.
Overall, ETH is still trading within a range, generally rebounding after each dip to around 3050. Therefore, any price action that dips to this level presents a buying opportunity, with a target of the 3180-3200 resistance zone. The next key level to watch is the triangle pattern. If the price retraces to the lower edge of the pattern and forms a bullish candlestick pattern (like a doji), the probability of an upward breakout is high. My view is that after the retracement, the price will likely break upwards.
The war between Meme coins on-chain meme is getting fiercer and fiercer!
Yesterday, BSC had a big fuss, and today SOL immediately followed suit with a major attack. Neither side is willing to give in, and neither is willing to admit defeat! This is a classic case of the snipe and the clam fighting while the fisherman benefits. We small investors don't need to take sides at all. Just go to whichever side is hot. Even if we don't make a fortune, we can still get some scraps.
The hype surrounding BSC had barely died down for two days when SOL made a big move last night, with $PsyopAnime's market capitalization skyrocketing to over 20 million. Frankly, the concept is the same old story—the AI sector driven by Musk. It seems SOL doesn't have anything new to offer. But today, funds are clearly flowing into SOL. This morning, I followed the trend and bought into $ENTROPY, a new AI stock with a market capitalization of over 2 million. This stock is mostly driven by foreign investors, and I've already almost doubled my money. I have to say, SOL's smaller market capitalization of around 1 million is definitely safer to chase than BSC.
Once the hype surrounding SOL subsides, BSC will definitely launch another counterattack, most directly by releasing several new Alphas. Brothers, don't be biased towards either side; seamlessly switching between the two is the safest approach!
CLO: The hype has clearly died down recently, it looks like they're about to start reaping profits! I plan to open a small short position at 0.84, isolated margin 10x. The stop-loss will be set near the new high of 0.92, and the initial target is the 0.7 to 0.68 range!
The market is constantly changing, and specific entry and exit points should be determined based on real-time conditions. Follow the trend after a breakout! No matter how confident you are, please strictly adhere to your stop-loss and take-profit strategies! That's all for today! Follow me so you don't get lost! QQ: 2178747366, QQ: 2499660658 ( Add me with a note, and I'll add you to our learning and discussion group).
