The big surge really was a bit beyond expectations.
Although earlier I had already judged that over the next couple of days it would most likely pull up to this level, I didn’t expect it to shoot up like this in just one night.
So what do we do at this point now? Let’s take a look at the big coin.
After weeks of long bottoming and grinding, BTC has finally squeezed out this wave of momentum—which is also why I’ve been emphasizing going long on dips these past few days, because from the chart structure you can already see this upward force.
Right here isn’t a good spot to chase. Wait for a small timeframe structural pullback; after the retracement to a relatively comfortable level, you can still look for longs.
Because this momentum hasn’t fully played out yet, BTC and ETH will most likely continue to range and consolidate at higher levels afterward, and only after the consolidation is done will they choose the next direction.
So today is simple: don’t chase. Wait for the pullback. Wait for a smaller timeframe structure to form, then jump in.
As for the U.S. stocks, SNDK, MU, and SK Hynix all saw a drop yesterday. They’ve already reached the support area that we were watching earlier.
Don’t rush to buy here first. Wait for a second test (a “second dip”). If the second test holds and doesn’t break the support, then consider taking longs.
In crypto, wait for the pullback; in U.S. stocks, wait for the second test. Once the levels are given, then we go for it! $BTC
$ETH $SNDK
Although earlier I had already judged that over the next couple of days it would most likely pull up to this level, I didn’t expect it to shoot up like this in just one night.
So what do we do at this point now? Let’s take a look at the big coin.
After weeks of long bottoming and grinding, BTC has finally squeezed out this wave of momentum—which is also why I’ve been emphasizing going long on dips these past few days, because from the chart structure you can already see this upward force.
Right here isn’t a good spot to chase. Wait for a small timeframe structural pullback; after the retracement to a relatively comfortable level, you can still look for longs.
Because this momentum hasn’t fully played out yet, BTC and ETH will most likely continue to range and consolidate at higher levels afterward, and only after the consolidation is done will they choose the next direction.
So today is simple: don’t chase. Wait for the pullback. Wait for a smaller timeframe structure to form, then jump in.
As for the U.S. stocks, SNDK, MU, and SK Hynix all saw a drop yesterday. They’ve already reached the support area that we were watching earlier.
Don’t rush to buy here first. Wait for a second test (a “second dip”). If the second test holds and doesn’t break the support, then consider taking longs.
In crypto, wait for the pullback; in U.S. stocks, wait for the second test. Once the levels are given, then we go for it! $BTC
$ETH $SNDK