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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
Concise Comment: The four-hour chart continues to test convergence below, with multiple unsuccessful short-term pullbacks. It is waiting for a new pullback above the convergence level. The upward target remains unchanged at $32,235 and $33,085. The top target is $36,500 and $41,550.
![](https://gimg2.gateimg.com/image/article/1689128764BTC.png)

## ETH
Concise Comment: Short-term stability around the $1,857 level, with an estimated continuous challenge of the $1.9K level. Morning pullback to $1,880 with continued volume contraction and convergence. Long-term strategy awaits a retest of the $2,000 level for the midterm trend to shift from bearish to bullish.
![](https://gimg2.gateimg.com/image/article/1689128779ETH.png)

## GT
Concise Comment: One of the top three exchanges in Asia, the daily chart shows a large symmetrical triangle pattern, indicating a promising long-term bull market. The short-term trend shows a clear bullish pattern, with the opportunity to retest the $4.45 level and find support at $4.1882.

## COMP
Concise Comment: Today, it broke through the upper boundary of the large symmetrical triangle pattern, and a successful breakout above indicates a higher chance of reaching the target of $98.30. The lower support level is expected to hold at $60.20, with a major support at $54.82.
![](https://gimg2.gateimg.com/image/article/1689128808COMP.png)

## BCH
Concise Comment: Breaking out of the symmetrical triangle pattern, it continues to test the key resistance level at $269.08, reaching the upper boundary of the convergence in the morning. The bounce targets are $345 and $385. Short-term strategy depends on the convergence pattern to determine the direction.
![](https://gimg2.gateimg.com/image/article/1689128823BCH.png)

## BNB
Concise Comment: The four-hour chart shows a continuous convergence with the support of news. Short-term breakthrough above the convergence level, waiting for an increase in volume to retest the key resistance level at $267.1. The daily chart also forms a symmetrical triangle pattern, which should be monitored closely.

## ADA
Concise Comment: The four-hour chart has tested the $0.2797 support level multiple times and continues to challenge the upper resistance level at $0.3050. The market is in an ascending triangle pattern, waiting for a breakthrough to target the neck resistance at $0.3269. The key support levels are $0.220 and $0.209.

## XRP
Concise Comment: In the short term, there is a demand for a pullback. The market is still within a large symmetrical triangle pattern this week, with a monthly chart forming a head and shoulders bottom pattern. Once there is significant movement, there is a chance to challenge the historical high at $3.3355. The resistance levels are $0.5840 and the support is at $0.4379.

## ID
Concise Comment: The support level at $0.2505 is holding, and it is expected to continue oscillating and gradually rise. For the long-term strategy, strict support at $0.24922 should be maintained, and a rebound to challenge $0.39364 is possible. Operating strategies can be implemented using the mentioned risk-reward ratio in the live broadcast.
![](https://gimg2.gateimg.com/image/article/1689128841ID.png)

## LTC
Concise Comment: The short-term potential head and shoulders pattern should be monitored for a possible retest of the $104.02 level. If it pulls back, the bullish trend will continue to target the $126.26 level, and a continued hold can lead to a test of the $128.15 resistance level.
![](https://gimg2.gateimg.com/image/article/1689128855LTC.png)

## TRX
Concise Comment: The four-hour chart broke below and declined. The short-term target of $0.07747 has been achieved. The support levels below are at $0.07510 and $0.07192.

For more details, please follow W-Strategy | post account:
https://www.gate.io/post/AxMRBAQDWVVVBl9QQgO0O0OO0O0O555



<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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