BTC has a short-term rebound opportunity. Although the price briefly fell below 80,000, it quickly rebounded and stabilized, which is in line with the previously predicted downward probe to lure short sellers. Currently, the trapped positions around 80,000 have been largely digested, with only positions remaining around 82,700, which is also the recent short-term high.
The market is still consolidating within a triangle pattern. After retracing to the lower edge of the triangle, the price rebounded. I have already entered a long position, planning to short it after the rebound reaches its target and then reverse to a short position. Pay close attention to the 82,300-82,700 range above, as this is both the upper edge of the triangle and a concentrated area of trading volume, making it a key resistance level.
If the rebound is strong, there's a high probability of a slight false breakout and a surge to higher levels; even if the trend is weak, it should at least reach around 82,300. At this stage, you can continue to hold long positions. The dips have provided opportunities to add to your positions. Currently, the average holding price is around 80,500, and you've already made a small profit. Just patiently hold and wait for the subsequent rebound.
ETH has pulled back to around 2255 in the short term, but remains within a large triangle consolidation range. The price action can be judged based on this pattern. Currently, the price is near the lower edge of the triangle, making this a suitable entry point for long positions. Historically, every time the price falls to this support level, a decent rebound occurs, yielding at least 100 points of profit. I entered a long position yesterday, but it hasn't reached my ideal entry point yet. My current average holding price is around 2285.
From the perspective of share distribution, there is a large amount of trapped capital above 2350. Once a rebound begins, it is likely to be strong, first digesting the capital trapped above 2350, and then potentially testing the upper edge of the triangle pattern around 2400.
At this stage, long positions offer high value. Once this rebound has completed its upward trend, we can gradually reverse course and establish short positions. The specific entry points will be determined after the rebound trend becomes clearer.
$BB: I've gone long on BB. It's about to break out, and a big green candle is imminent. Place a stop-loss at 0.031. Target 0.44 or higher.
$AZTEC: This is Ethereum's first zk-Rollup Layer 2 network project focusing on privacy features. Its recent price action has been strong, currently around 0.025, representing a considerable daily increase accompanied by rising trading volume. The project has a long lock-up period, a healthy circulating supply structure, and relatively low selling pressure. Any subsequent pullback would present a good buying opportunity, with key short-term support at 0.021. The overall market sentiment is bullish; as long as it holds above the short-term resistance level, the rebound could continue. However, if it breaks below the key support, it's best to remain on the sidelines and refrain from further action.
$SAGA: The intraday volatility was exceptionally high, initially surging nearly 90% before quickly retreating 37%, resulting in a significant reduction in daily gains. This rally was primarily driven by the EVM launch, sector rotation, and concentrated inflows of major funds, with 24-hour trading volume reaching 4 billion, nearly three times that of the previous period.
The market trend has weakened, with the MACD forming a death cross and the previous high-level upward candlesticks completely engulfed. The current price is consolidating weakly in a narrow range around the 0.0303 level, indicating a short-term overall bearish bias. In terms of trading strategy, it is recommended to remain on the sidelines in the short term and avoid hastily entering the market to buy the buy the dips, thus mitigating the risk of further declines.
$BNB: It has broken through the bottom range, now it's the bulls' turn to shine!
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).
