BTC's short-term trend is now quite clear, with a head and shoulders bottom pattern forming on the 15-minute chart. If it can break through this key level, the price will likely surge directly; if it fails to break through, it will form a rising wedge pattern and then retrace. The key focus now is whether it can break through and hold above this level.
ETH's minor pullback followed a typical bottoming pattern, retracing to the 0.382 Fibonacci retracement level of 2120 USDT before rebounding. The next opportunity to short ETH should be found after the rebound.
SOL encountered resistance at the upper edge of the channel in the short term but failed to break through, and subsequently began to fall back, basically following the overall market trend. It is now in a downtrend. The first support level to watch is around 85U, near the lower edge of the channel. If it holds, a rebound is possible; if it breaks down, a new low will be reached in the medium term.
HYPE has been rising sharply recently, consistently following an upward trend. However, it has now encountered resistance at the upper limit and is unable to break through. The upward momentum on the daily chart has also weakened, clearly indicating a potential top and pullback. The first support level to watch is 36U, with strong support around 32U.
I haven't checked PEPE in a while. It's fallen sharply from its high, and trading volume has been stagnant. The price is now nearing a new daily low, with support around 0.30 to 0.28. If it holds, there's a high probability of an oversold rebound. My previous bullish wedge pattern prediction has also been perfectly executed, with the rebound high precisely at the wedge's starting point – a very standard pattern. Currently, these types of coins have generally experienced huge drops; many are either deeply trapped or have already cut their losses. Never short these deeply undervalued coins; the major players could manipulate the market at any time.
ASTER's price action is incredibly frustrating. It's been consolidating sideways for almost a quarter, barely moving up or down. It hit a low during the market crash, then rebounded, before consolidating again for a month, almost like a stablecoin. This kind of movement is perfect for swing trading. Short at around 0.77-0.8 and long at 0.65-0.67; the price difference is very comfortable. Those interested in short-term trading can try it, just remember to use stop-loss orders.
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).
