"1.7 Market Analysis: Continue with Top Distribution, Don't Panic During Pullbacks"



After waking up, the price remains the same, but B friends' positions are gone. These days, the reminder has been to do top pullbacks, but the support during the pullback won't be too extreme, and it just hit the support rebound at 91500-91100 mentioned yesterday. The decline here is just to prepare for the next trend after a narrow range, so subsequent dips still present good participation opportunities. However, there won't be a trending market recently, so it's better to participate in high short positions and low long positions.

$BTC Let's observe whether the 91500 level for Bitcoin today will serve as support again. If it breaks directly, consider long positions at 90200 and 89600. The resistance levels above are 95600 and 96100-96400, where we can wait to see if there's a chance to top out and fall back.

$SOL Sazi's short-term resistance today is at 144.3, with support at 135.3—both are points to watch for potential pinning. If no pinning occurs, then the resistance above is at 148, and support is between 132.4-131.7. You can participate in high short and low long trades again.

$ETH Jiu Cai Fang is watching whether the 3205 level will break down. If it does, support is at 3165 and 3110. The short-term resistance above is at 3325, with resistance at 3370-3385. E's ace short-sellers can wait around here for opportunities.

In summary, with the pinning last night, the recent market is basically heading towards a top distribution pattern. After a pullback, don't shout "bear market is here" one by one; this is just to prepare for the next upward move with a narrow range. So there's no need to worry too much—stay calm. Currently, there are no trend opportunities, so participate in high short and low long trades. If you don't understand the market or can't determine the direction, you're welcome to join the Chief. Click to join the Chief community (Follow the Chief for daily latest market analysis and precise pin points; long and short positions are for B friends' reference only, with strict stop-loss and take-profit).
BTC-1.73%
SOL-1.46%
ETH-2.79%
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