📰【Today's News Brief】
▪️BTC remains stable above 81,000 with high-level consolidation; previous short sellers faced mass liquidations, short-term selling pressure has been released, steady capital inflows into ETFs provide support, intensified long-short battles—caution advised for possible pullbacks due to profit-taking at high levels
▪️Rotation of existing market funds continues, altcoins are seeing divergence, major coins remain resilient; SOL saw a sharp rise followed by a short-term pullback and consolidation, with long-side profit-taking triggering corrections
▪️US Treasury yields fluctuating slightly, market sentiment towards risk assets remains cautious; closely monitor the strength of bids at key support levels throughout the day, as a failure to break above resistance would make it difficult for a new rally to emerge
📊【Market Overview】
Prices are consolidating within a high-level range box; after a sharp rise, the market has entered a consolidation phase. Avoid chasing highs—look to buy near support, and consider pullbacks when prices face resistance. Focus on effective breakouts above or below the current range.
✅BTC Bitcoin
▫️Short-term strong resistance: 82,300
▫️Short-term secondary resistance: 81,800
▫️Short-term strong support: 80,800
▫️Short-term secondary support: 80,600
👉Strategy: Bias towards bullish as long as BTC holds above 80,800 and consolidates; a break below 80,600 opens up further downside potential
✅ETH Ethereum
▫️Short-term strong resistance: 2,700
▫️Short-term secondary resistance: 2,660
▫️Short-term strong support: 2,590
▫️Short-term secondary support: 2,580
👉Strategy: Bullish bias as long as 2,580 support holds; resistance near 2,700 remains a strong obstacle for short-term rebound
✅SOL Solana
▫️Short-term strong resistance: 115
▫️Short-term secondary resistance: 113
▫️Short-term strong support: 108.8
▫️Short-term secondary support: 108
👉Strategy: The 108 level is a critical support turning point—holding above could see a new push towards 113–115; a break lower signals further downside
💡Quick Market Tip
In a consolidation trend, look to go long on sustained support, and prepare for pullbacks if resistance holds. Adjust position direction promptly on valid breakouts, keep positions light, and don't stubbornly hold losing trades.
