$SOL Today's wave isn't very pretty.

【Crypto Wave】：12.31 Cryptocurrency Market Bitcoin (BTC), Ethereum (ETH) latest market analysis reference, information interpretation, Crypto Wave: 12.31 Bitcoin (BTC)) market analysis reference: Yesterday, Bitcoin experienced a technical correction with oscillating upward movement, reaching a high of around 89,300 in the early morning before encountering resistance and pulling back. As of now, the price fluctuates around 88,500, maintaining a narrow trading range for the day. From the daily chart perspective, a double top pattern has recently formed at the daily level, and the consolidation still maintains a slightly bearish trend framework. The price remains under pressure below the EMA30 moving average, and the Bollinger Bands are gradually narrowing and turning downward after converging. Currently, the price is trading between the middle and upper bands of the Bollinger, with the range further compressing. The lower band (85,624.7) provides strong support. Although the J value of the KDJ indicator shows signs of turning upward, the three lines are still below 50, indicating a weak zone, and no effective golden cross has formed yet. The short-term rebound is merely a technical correction and unlikely to reverse the medium-term bearish pattern. The selling pressure at resistance levels above will continue to restrict the rebound height. Extending from the short-term hourly chart to the 4-hour level, the Bollinger upper and lower bands are slightly opening, and the price oscillates around the middle band. In the short term, support is provided by the middle band and the intersecting EMA7, EMA15, EMA20, and EMA30 lines. On the technical indicator front, the three lines of the KDJ are diverging upward, with K at 55.63, D at 47.78, and J at 71.35. The K and J values have broken above the 50 mark, strengthening the bullish signals in the short term. The MACD indicator is also turning stronger, with DIF crossing above DEA to form a golden cross, and the histogram shifting from negative to positive, indicating a slight release of bullish momentum. However, it should be noted that recent rebounds to the upper boundary of the range have not been able to stabilize effectively, showing weak continuation of the bullish trend. The overhead selling pressure clearly suppresses upward movement, making short-term breakthroughs unlikely. The market is likely to continue oscillating within the range, with a trading strategy favoring shorting at rebounds. Crypto Wave: 12.31 Short-term reference for Bitcoin: Long position: Buy in the 85500-86500 range, stop-loss at 84500, target 87500-88500, Short position: Sell in the 89000-90000 range, stop-loss at 91000, target 87500-86500, Crypto Wave: 12.31 Short-term reference for Ethereum: Long position: Buy in the 2875-2905 range, stop-loss at 2800, target 2950-3000, Short position: Sell in the 3020-3050 range, stop-loss at 3100, target 2950-2900, The article is time-sensitive, and the opinions are for reference only. Do not operate blindly! I hope everyone can stick to their principles regardless of market fluctuations, stay rational and calm. Seize opportunities, make precise decisions, and ride the waves in the ocean of investment to harvest wealth and growth!!!#BTC #ETH

Let me teach you something else. Currently, BTC is moving in a triangle consolidation just like ETH last night. Why is it bullish? As I mentioned on the daily and weekly charts, there was a big drop on Monday and a rally on Tuesday. The cyclical bullish trend lasts for a few days, and it can also be analyzed based on the destination principle, $SOL