BTC has basically peaked now, and it's virtually impossible for it to rise back to its previous high (78,300). The price encountered resistance and was immediately pushed down, and it has been falling for the past two days, erasing all the previous gains. The weekly chart also shows a long upper shadow, which is a clear sign of a top.
In the short term, although it's still in an upward channel, it's highly likely to fall later. We don't need to wait for anything else; we can short as long as there's a rebound. Pay close attention to the 76,500 level; once it reaches that price, go short with a large short.
The price is currently encountering support at the lower edge of the upward channel, which is unlikely to break down easily. A rebound is probable. The rebound highs can be referenced using Fibonacci retracements: 0.5 corresponds to 76,000, 0.618 to 76,500, and 0.786 to 77,300. The higher the price goes, the greater the resistance; 77,300 is unlikely to be reached, with a maximum potential high of 76,500.
If it rebounds to 7.65w (which is the 0.618 level), it will form the right shoulder of a head and shoulders pattern. After that, it will definitely fall again, and the support of the upward channel will be broken, officially entering a downtrend. The target is at least 7.05w, or even lower.
ETH has been relatively weak recently, breaking below the upward support range, signaling the end of the short-term uptrend. The daily chart also shows a topping signal, making every subsequent rebound a good opportunity to short. Although it has broken down, short-term indicators have adjusted to a reasonable level, and a rebound is likely after a period of consolidation. A strong rebound could reach around 2380, while a weak rebound would likely be around 2350.
In short: If the price rebounds to 2350-2380, place short orders in batches. If it continues to fall, adjust the strategy accordingly. The hourly chart itself shows a need for a rebound; once it reaches that level, go short. The lowest target for further decline is 2170, with even greater downside potential.
$BNB: It's been a while since my last analysis. After the short-term drop, there's a need for a rebound, and a bullish wedge pattern has formed, suggesting a short-term upward bounce. However, the daily chart already shows topping signals, so this is just a weak rebound. The high is likely around 635; once it reaches that level, you can consider short.
$Lobster: You can also buy on dips. The price surged a few days ago and has now fallen back to a key support level, forming a bullish wedge pattern. You can long now around 0.0087, just prepare for future add-on positions.
$I'm here: After a short-term price pullback, it touched the lower support line again and fluctuated for a while without breaking it. Currently, there are signs of a bottoming out and rebound, so you can go long at the current price of around 0.011. There is a possibility of a rapid rise at any time. Just leave room for additional purchases.
$AKE: Keep an eye on it; there's a chance for a second wave of upward movement soon. The price has been consolidating within a triangle pattern, and all the indicators have adjusted. Once this consolidation is complete, it's likely to rise. I'm currently long at 0.0005, waiting for a breakout.
$CHZ: It doesn't follow the overall market's ups and downs at all. Benefiting from the World Cup, it will likely experience its own independent rally. Currently, it's in an ascending flag pattern; a breakout above resistance will lead to a rapid surge. To be safe, avoid chasing highs. Wait for a price pullback before long at lower levels. Enter the market when there's a low point; otherwise, wait patiently.
Binance Life: The trend remains strong. A slight pullback didn't break key support, and market activity is high. Given that it has already reached new highs, a significant drop in the short term is unlikely. The chart has formed a triangle pattern, with the price approaching the upper resistance level. An upward breakout is highly probable, and once it holds, it will continue to rise and reach new highs. Consider a small long long around the current price of 0.44, with provisions for adding to the position, targeting the new high.
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 high your confidence level, 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: 3530882667 (Add me with a note, and I'll add you to our learning and discussion group).
