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[10.30 BTC/SOL/ETH Market Analysis: The daily chart has contracted, which is a great opportunity for shorting!]
Last night's market once again thinned out, which was expected. The interest rate cut that countless people anticipated did not arrive, so I've said many times, the news front is of little reference. You cannot predict the impact of news, and it is also easy to make incorrect judgments. Currently, the changes in the Bollinger Bands on the daily chart indicate that the market is about to enter a narrow range. Furthermore, the 3-day line is also looking very poor, swallowing up all the previous bullish candles. After the narrow range on the daily chart is completed here, it will be a great opportunity to short!
$BTC The support for BTC today is at 106200, with short-term resistance at 111400. The main focus is whether this short-term resistance can be broken. If it breaks above 113300, one can consider shorting.
$SOL The competition for the price of the index has been around the position of 197 these days. If it goes up, the resistance is at 202 and 207. The support for a continued decline is at 187 and 182. It would be best if it can rise, as that would give us the opportunity to short. Chen Bo of the index cannot last too long, so we must take advantage of this weakness to make a profit.
$ETH The short-term pressure for ETH today is still the 4035 long-short dividing line mentioned yesterday, with support at two levels: 3805 and 3765. If it can break through the short-term pressure of 4035, it will provide good shorting opportunities at the upper pressures of 4168 and 4120.
In summary, from the Bollinger Bands, we can see that the daily chart is about to enter a narrow oscillation range. After this narrow range is completed, the daily chart will choose a direction again. Once the direction is determined, it will be a good opportunity for us to take action. Considering the indicators on the daily chart and the 3-day chart, do you still have confidence that it can surge here? Of course not. The best way to survive next is for the bulls to surrender early. (Follow the department head for daily updates on market analysis and precise entry points. The long and short positions are just provided for B friends' reference. Strictly set stop-loss and take-profit. Liking, commenting, and following with one click is the greatest encouragement for me.)