《1.6 Market Analysis: Rally Pullback to Prepare for Next Wave of Trend!》



Yesterday's market broke through the 93400 resistance level as support and rallied up. We haven't reached our expected level near 96000 yet. Recently, we need to pay attention to whether there will be a rally pullback action around this area. Yesterday's live stream also made it clear that we're lowering expectations for a sudden spike here; it's highly probable we'll see a rally pullback. Until preparations are made for the next wave of trend, so recently we're watching how this short-term top will play out.

$BTC Bitcoin's current resistance is at 95800, which is around 96000. Support zones below are 91500-91100, and 90400 as two ranges to monitor. Recently we're still looking for rally pullback, and support on pullbacks shouldn't be too extreme, so you can operate with high shorts and low longs recently.

$SOL Ethereum's resistance is at 141.6, short-term support at 135.3 won't break through and can still bounce a bit. Monitor support below at 132-131.

$ETH For Polygon, if you want to short, either wait for the right-side model to form, or try at 3370. Support below at 3345, 2990. Recent strategy is mainly high shorts and low longs.

In summary, recently on the daily line we're discussing the rally pullback issue. As for where this top is, touching the top requires luck and guts. But what's certain is that the pullback position won't be too extreme—for example, don't expect it to drop to 85k or 84k. When the pullback reaches a suitable position, it will start bouncing and consolidating, preparing for the next wave of rally. If you can't understand the market and can't grasp the direction, welcome to join the Colonel. Click to join the Colonel community (follow the Colonel, bringing you the latest market analysis and precise entry points daily. Long and short are for reference only, strictly implement stop-loss and take-profit).
BTC‎-0.3%
SOL‎-0.91%
ETH‎-0.46%
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