The early-session rally is all an illusion—indicators are off the charts, and anyone chasing longs is about to get trapped again
October 28 early-session alert: BTC ETH SOL FOMC
BTC 80940 ETH 2352 SOL 101.4
Look at Chart 4—it’s red across the board. Are you thinking the bull market is back already?
Don’t forget the lessons you’ve learned. Check the 4-hour J values in Charts 1 and 2.
BTC and ETH have both surged above a J value of 96—deep in overbought territory.
This low-volume rebound ahead of the big test is just a trap for those who chased shorts yesterday.
Chasing longs now means volunteering to catch the big players’ falling knife.
$BTC
Current price: 80940. It looks strong, but it’s all show and no substance.
The 81000–81500 range above is packed with trapped buyers.
A J value of 96 signals extreme overbought conditions. A big red candle could hit at any moment—don’t chase.
$ETH
Current price: 2352. Just tagging along with the broader market.
Also severely overbought, with heavy resistance above 2380.
Don’t believe in any so-called reversal ahead of the big test.
$SOL
Current price: 101.4. The weakest of the bunch, just following the crowd.
It hasn’t even managed to break above 102. The weak trend hasn’t changed at all.
📝 Early-session advice
All the pumping ahead of the big test is meant to trick retail traders into buying the top.
When indicators are severely overbought, keep your hands off the buy button—don’t chase.
If you’re on the sidelines, stay there. If you’re in profit, trim your position into strength.
Don’t gamble your hard-earned money.
October 28 early-session alert: BTC ETH SOL FOMC
BTC 80940 ETH 2352 SOL 101.4
Look at Chart 4—it’s red across the board. Are you thinking the bull market is back already?
Don’t forget the lessons you’ve learned. Check the 4-hour J values in Charts 1 and 2.
BTC and ETH have both surged above a J value of 96—deep in overbought territory.
This low-volume rebound ahead of the big test is just a trap for those who chased shorts yesterday.
Chasing longs now means volunteering to catch the big players’ falling knife.
$BTC
Current price: 80940. It looks strong, but it’s all show and no substance.
The 81000–81500 range above is packed with trapped buyers.
A J value of 96 signals extreme overbought conditions. A big red candle could hit at any moment—don’t chase.
$ETH
Current price: 2352. Just tagging along with the broader market.
Also severely overbought, with heavy resistance above 2380.
Don’t believe in any so-called reversal ahead of the big test.
$SOL
Current price: 101.4. The weakest of the bunch, just following the crowd.
It hasn’t even managed to break above 102. The weak trend hasn’t changed at all.
📝 Early-session advice
All the pumping ahead of the big test is meant to trick retail traders into buying the top.
When indicators are severely overbought, keep your hands off the buy button—don’t chase.
If you’re on the sidelines, stay there. If you’re in profit, trim your position into strength.
Don’t gamble your hard-earned money.
