Some friends say SOL is quite strong this week. BTC fell below 59000, but SOL not only didn't break below 60, it actually retraced several times to 67, 64, 63 over the past two days, and quickly bounced back to 68-69. This is because the starting point of this pullback was 76, and its lowest point in the wave is still around 60. Even if 60 is broken, it would only be a false breakout to around 58. So in this drop, SOL's pullback to around 60 can serve as a reference for simultaneously bottom-fishing (going long) BTC and ETH.


Some friends see it dropping to around 36. It's possible, but the probability is low. The monthly Bollinger Band lower band is only at 44. It's impossible to wait only for 36 to buy. The gap between 60 and 36 is only two small waves, and 50 is also a major defense line. If it fails to go lower, you'll miss out for a small gain. With only a range of about 20 points, it's definitely best to buy in batches at low levels.
To be safe, for bottom-fishing SOL, first focus on accumulating spot at low prices. When your average cost is around 60 or below, the profit in the next bull market of 4-5 times is basically no problem. Its main upward wave during the bear-bull transition period is about 100 points of space. In Q4, you can open long-term coin-margined long positions. Even if you only use 3x leverage and it only rebounds to 196, you will basically achieve the profit target for the entire cycle in advance. Then hold spot and sell at highs around 247-296. Low-cost spot + bottom coin-margined long positions, traversing the bear-bull transition period, is the fastest way to achieve financial freedom before the Bitcoin halving date (2028.4) arrives.
SOL0.45%
BTC0.90%
ETH1.53%
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