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![](https://gimg2.gateimg.com/image/article/1688113830trending%20overview.jpeg)

The article is reprinted from the daily market overview of W-Strategy who is a guest streamer of Gate.io, a senior strategy analyst of cryptocurrency, and the founder of Wcollege. The article will analyze daily main token trends, short-term strategies, and long-term strategies for you in 3 minutes.

*The article is the original content of W-Strategy. Gate.io is only for reprint and distribution, and the copyright belongs to the author himself.

## BTC
Condensed Comments: Yesterday, there was a false breakthrough of the key neckline at $31,450, followed by a rapid decline. The four-hour chart shows a pierced ascending triangle, with the major bullish defense line still holding at $29,580. The upward target remains unchanged at $32,235 and $33,085. The peak target is $36,500 and $41,550.
![](https://gimg2.gateimg.com/image/article/1688699484BTC.png)

## ETH
Condensed Comments: After breaking out of a large-scale inverse head and shoulders pattern, <a href="/price/ethereum-eth" target="_blank" class="blog_inner_link">Ethereum</a> reached the resistance level at $1,974 but quickly declined. The trading volume is noticeably weaker compared to other major cryptocurrencies, and short-term attention is on whether it will pull back to the $1,857 level. The long-term strategy awaits a retest of the $2,000 level before considering a shift from bearish to bullish.
![](https://gimg2.gateimg.com/image/article/1688699499ETH.png)

## XVG
Condensed Comments: The past week witnessed a significant surge in trading volume (the highest in the past five years), and sustained buying pressure is challenging the upper target of $0.01744. It is crucial to surpass the previous high of $0.009686 to avoid potential weakness if the breakout fails. The hourly chart shows a converging pattern worth monitoring.

## BCH
Condensed Comments: <a href="/price/bitcoin-cash-bch" target="_blank" class="blog_inner_link">Bitcoin Cash</a> may be forming a larger bullish wing pattern, but it must strictly maintain the key position at $269.08, with dwindling trading volume. The resistance at $345 was nearly reached last week during the rebound. Attention should be given to whether it returns to an upward trajectory above the green trendline on the four-hour chart.
![](https://gimg2.gateimg.com/image/article/1688699515BCH.png)

## GT
Condensed Comments: As one of the top three Asian Cex exchanges, GT continues to form a super-sized converging triangle on the daily chart, indicating long-term bullish potential. In the short term, it exhibits an "M" pattern, with support holding at $4.1550-$4.1880 and a short-term rebound target at $4.2964.

## BNB
Condensed Comments: The daily trading volume of <a href="/price/bnb-bnb" target="_blank" class="blog_inner_link">BNB</a> continues to weaken, with strong support at $220.20. Waiting for a volume increase and retesting of the key neckline at $267.1. The daily chart may also form a large-scale inverse head and shoulders pattern, while the four-hour chart indicates an upcoming converging triangle.

## ID
Condensed Comments: The four-hour chart shows a large descending triangle, with strict support at $0.26195 and lower support at $0.24922. Expectations include a continued range-bound consolidation and slow recovery. The long-term strategy emphasizes the importance of holding at $0.24922, as a breach may lead to a challenge at $0.39364.

## XRP
Condensed Comments: <a href="/price/xrp-xrp" target="_blank" class="blog_inner_link">XRP</a> is forming a large-scale converging triangle on the quarterly chart, with the monthly chart showing an inverse head and shoulders pattern. Currently, XRP is experiencing a rapid rise and gradual decline. Once significant price action occurs, it has the potential to challenge the historical high at $3.3355. Key resistance levels are at $0.5840, with support at $0.4379.

## LTC
Condensed Comments: The four-hour chart completed a breakout and subsequent pullback, which can be considered a successful breakout. Short-term attention should be on whether it retraces to the $104.02 level. If it rebounds, the bullish momentum may continue to challenge the $126.26 level, with further resistance at $128.15.
![](https://gimg2.gateimg.com/image/article/1688699540LTC.png)

## TRX
Condensed Comments: The four-hour chart continues to rise, with the crossing point at $0.07747. Short-term possibilities include a retracement with support at $0.07162 and $0.06455. If the overall market maintains upward momentum, TRX may test the resistance levels at $0.09450 and $0.10450.

## ADA
Condensed Comments: The four-hour chart saw a pullback to support at $0.2797, with ongoing attempts to challenge the resistance at $0.3050. Further upside potential depends on a breakthrough of the neckline at $0.3269. Key support levels are at $0.220 and $0.209.
![](https://gimg2.gateimg.com/image/article/1688699557ADA.png)

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<div class="blog-details-info">
<div>Author: **W-Strategy**
<div class="info-tips">\*This article represents only the views of the author and does not constitute any investment suggestions.
<div>\*The article’s content is original and the copyright belongs to the author. If reprinting is required, please indicate the author and source. In all cases, legal action will be taken due to copyright infringement.
</div>


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The article will analyze daily main token trends, short-term strategies, and long-term strategies for you in 3 minutes.

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