$BTC $ETH $SOL ‌Many investors have found that Bitcoin’s uptrend has stalled, and are worried that the market is about to reverse and fall. They are struggling over whether to buy the dip now or open a short position. Below is a complete breakdown of the trading approach.



From technical indicators, BTC overall is still relatively strong, with a bullish divergence pattern. The RSI bottom keeps rising, but the rebound’s high has not exceeded the previous round, and there is still room for a catch-up move. The rebound progress this cycle has reached 75%; the target is the 67,000 prior high resistance level. At this stage, do not chase longs. When the price touches 67,000, you can sell all spot holdings, and place limit orders to short. Don’t be in a hurry to buy the dip—50K and 59,000 are the high-quality lower levels. If the U.S. stock semiconductor sector weakens, the crypto market will likely pull back in parallel; then you can build long positions in batches.

SOL is leading the broader market. It is under pressure and pulled back after hitting the 83 resistance level. We previously completed profit-taking at the highs; after the pullback, you can gradually re-add positions above the 76 and 72 support areas.

The overall market is in the latter half of the rebound. ETH and SOL have already realized gains at key resistance levels; only BTC has not yet reached the target price. The recommendation for holdings is to take profits in batches to lock in gains. Once it spikes into the resistance zone, directly follow the trend to short and hedge against the risk of a pullback.
BTC1.09%
ETH0.31%
SOL0.13%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned