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#美国核心物价涨幅不及市场预估 "Bitcoin's two-day top has formed; where to look for support during the pullback"
The two-day top pattern has finally appeared, and the market is beginning to adjust, which is in line with previous expectations. Since the false breakout has been completed, the next focus is on which support levels can hold. I notice that many traders are discussing around $100,000 on the forum, but you need to understand one principle — the forum reflects the thoughts of most retail investors, while market whales aim to cut off these 90% retail traders. Keeping this in mind will help you survive longer.
Regarding $BTC, yesterday's resistance was around 97,500, but unfortunately, it didn't hit that level and only retraced to 97,000 before dropping. Today's short-term resistance is concentrated between 96,550 and 96,700. Looking for support downward, first watch the 93,000–92,600 zone, where a small rebound might occur. If the deep correction continues, around 91,000 is also a support worth observing. As for where the final correction will reach, it depends on the market’s real reaction once prices hit these levels.
The situation with $SOL is clearer. If the hourly candle closes below 143, then the rebound will have to wait until 141. Today, it indeed rebounded at 141. In the short term, support is at 136.3, and resistance is at 144.5. To achieve a nice rebound, a breakout above 146 on the hourly chart is a key signal.
For $ETH, yesterday’s resistance at 3376 was hit, and then the price started to retrace. I also added to my short position at this level. Now, the key is whether the support around 3208 can hold, especially whether the hourly candle will close below this level. If it breaks, then the next support zone at 3170–3150 will be the target.
Overall, the pattern has played out as expected, the false breakout has ended, and the correction has begun. We haven't missed the rhythm or chased the top, so after a sufficient pullback, it’s time to prepare for a trend upward in February. Remember, as long as this correction maintains a narrow-range oscillation, don’t expect a crash. Just keep an eye on how this rhythm evolves.