2026-9-29
I walked off a “W-bottom” in 1 hour. In 4 hours the price closed above 851, so we should stop the decline and look for the next rebound to start. Even the downside is still a choppy downward drift. Yesterday’s drop was too fast— it won’t keep falling at that speed forever. If it doesn’t reach a certain target by around the National Day holiday, we’ll see the 7-handle😂
The key resistance levels overhead, in order, are 844-847-851-853. The difficulty of climbing through this band with small step-by-step moves is quite high. If price sticks around 844 and there’s volume, then a reversal of the current situation might be possible. Otherwise, it’ll just climb to that area, then pull back, and slowly raise the base.
For his own election chances, that guy in the yellow hair is likely to give Iran some “smoke bombs” or use a “soft approach” in the days leading up to it—drag time, then once after the election he’ll cause trouble. Early this morning he fired off some “talking-point hype,” saying there are some shocking updates, but he hasn’t said anything since. I guess he still hasn’t figured out how to “spin” it😂. Just wait and see. Whether crypto lives or dies probably isn’t in his consideration, but if U.S. stocks are in a “complete mess” state ahead of the election, he’ll definitely be put into a very passive position.
Potential support remains around 836-835. I haven’t paid attention to my ZEC 1500 short; somehow it still managed to get me out of the danger zone😂. I’ll just keep it there—if it can’t blow me up, then I’ll keep holding… Compare with BTC: ETH is still stronger. BTC is still at 84, while ETH has already reached 2714. If BTC once again makes a V-style bounce upward, the probability that ETH will surge through the weekly resistance level around 2820 is still quite high. If you’re holding ETH shorts around 27xx or 2800, keep an eye on the order book. If price breaks above 851 with volume, then even if you don’t close the short, you’ll still need to reduce it. Long-term short positions shouldn’t be something to set up right now.
AAVE has started its main impulse wave. Too bad my position is only 500u😂. I bought together with SOL around 60.x, and didn’t add later. Still, a small profit is better than a loss… I’ll reposition next year.
Just keep waiting it out. After we get through 10.4, there should be a stretch of “comfortable conditions” for the bulls. Anyway, my lots from May to August haven’t moved and haven’t been cut— I’m only timing it, not chasing price. I’ll keep watching.
I walked off a “W-bottom” in 1 hour. In 4 hours the price closed above 851, so we should stop the decline and look for the next rebound to start. Even the downside is still a choppy downward drift. Yesterday’s drop was too fast— it won’t keep falling at that speed forever. If it doesn’t reach a certain target by around the National Day holiday, we’ll see the 7-handle😂
The key resistance levels overhead, in order, are 844-847-851-853. The difficulty of climbing through this band with small step-by-step moves is quite high. If price sticks around 844 and there’s volume, then a reversal of the current situation might be possible. Otherwise, it’ll just climb to that area, then pull back, and slowly raise the base.
For his own election chances, that guy in the yellow hair is likely to give Iran some “smoke bombs” or use a “soft approach” in the days leading up to it—drag time, then once after the election he’ll cause trouble. Early this morning he fired off some “talking-point hype,” saying there are some shocking updates, but he hasn’t said anything since. I guess he still hasn’t figured out how to “spin” it😂. Just wait and see. Whether crypto lives or dies probably isn’t in his consideration, but if U.S. stocks are in a “complete mess” state ahead of the election, he’ll definitely be put into a very passive position.
Potential support remains around 836-835. I haven’t paid attention to my ZEC 1500 short; somehow it still managed to get me out of the danger zone😂. I’ll just keep it there—if it can’t blow me up, then I’ll keep holding… Compare with BTC: ETH is still stronger. BTC is still at 84, while ETH has already reached 2714. If BTC once again makes a V-style bounce upward, the probability that ETH will surge through the weekly resistance level around 2820 is still quite high. If you’re holding ETH shorts around 27xx or 2800, keep an eye on the order book. If price breaks above 851 with volume, then even if you don’t close the short, you’ll still need to reduce it. Long-term short positions shouldn’t be something to set up right now.
AAVE has started its main impulse wave. Too bad my position is only 500u😂. I bought together with SOL around 60.x, and didn’t add later. Still, a small profit is better than a loss… I’ll reposition next year.
Just keep waiting it out. After we get through 10.4, there should be a stretch of “comfortable conditions” for the bulls. Anyway, my lots from May to August haven’t moved and haven’t been cut— I’m only timing it, not chasing price. I’ll keep watching.
