Let's talk specifically about the current trend of BTC.
As shown in the chart and mentioned in the quote, after the price touched the lower edge of the daily channel, it rebounded. During the rebound, it faced resistance at the 4-hour level neckline of 112.2K.
However, it has broken through in the afternoon, and the current core resistance is at the upper edge of the 4-hour descending channel marked by the red circle in the chart, just a step away from the channel's upper edge at 113.4K.
In terms of trading strategy, we need to pay close attention to the price action in this area and whether there will be a significant candlestick pattern at the key levels.
For those who followed me to buy at the bottom, just hold your positions and patiently observe the changes in this area before making any decisions.
For those still wanting to get involved in the rebound, you can enter after a breakout in this area and a subsequent pullback, while also paying attention to whether a small-scale accumulation pattern can form at the upper edge, which would also serve as a basis for entering the rebound.
As for SOL and ETH, I have already made it clear what needs to be said. Currently, SOL is also in a bearish wedge at the top structure, while ETH is in a state of failure at the monthly level neckline after three attempts, so the risk for SE is extremely high.
To put it bluntly, if BTC breaks below the lower edge of the daily channel, SE may face a significant drop.
In the future, all shares will prioritize the community's egg yolk teaching group, and then be shared on Twitter at irregular intervals. More details will also be prioritized for the community teaching group. I just want to see if I can cultivate a group of qualified traders to expand a larger territory in the future.
Teaching someone to fish is better than giving them fish, but free help will only aid greed and exhaust one's spirit, and there will always be all kinds of trash people.~
END.
The moment I shouted out the bull top....
In mid-August, I continuously posted multiple tweets hinting at the bull top.
Of course, besides shouting, I also provided technical logic, but no one believed it; most people just criticized me, and even if some didn't say it out loud, they were cursing me in their hearts. I knew it was undoubtedly the peak.
However, there is one thing I'm still unsure about: whether this is the stage top or the big top marking the start of a bear market.
But at this moment, it doesn't really matter, does it?
The current position is a support level, as detailed in yesterday's tweet. If you want to try for a rebound, you can, but if the daily breaks or the 4H breaks, you need to cut losses.
From the current perspective, playing for a rebound still requires a cautious and prudent strategy.
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