4-hour level resistance encountered, don't mistake the deep V rebound for a reversal
October 25 midday #BTC #ETH #SOL #FOMC
BTC 80862 ETH 2363 SOL 102
After the early deep V bear trap, the market is broadly in the green
But looking at the 4-hour chart, all indicators are approaching the overbought zone
Plus Ethereum was attacked, geopolitical issues triggered many bearish factors
Chasing highs now is very likely to get stuck halfway up
$BTC
Current price 80862, 4-hour J value as high as 81
Dense moving average resistance between 81200 and 81500 above
Support at 80000, if not broken, continue to oscillate
$ETH
Current price 2363, rebound is strong but 4-hour J value is 71
2400 above is a heavy resistance zone, plus the attack on chart 2 is bearish
Do not chase, support at 2330
$SOL
Current price 102, bulls were heavily liquidated last night
4-hour J value 78, rebound faces resistance at 103
Until it stabilizes above 104, still expect weak oscillation
📝 Midday review
After a deep V there will be fluctuations
The big test FOMC hasn't come yet, US stock market closed over the weekend again
This rebound is for those who bottomed out last night to take profits
Don't blindly FOMO, wait for a pullback confirmation
Control your hands, prevent a second dip #BinancePick #SouthKoreaDelaysCryptoIncomeTax
October 25 midday #BTC #ETH #SOL #FOMC
BTC 80862 ETH 2363 SOL 102
After the early deep V bear trap, the market is broadly in the green
But looking at the 4-hour chart, all indicators are approaching the overbought zone
Plus Ethereum was attacked, geopolitical issues triggered many bearish factors
Chasing highs now is very likely to get stuck halfway up
$BTC
Current price 80862, 4-hour J value as high as 81
Dense moving average resistance between 81200 and 81500 above
Support at 80000, if not broken, continue to oscillate
$ETH
Current price 2363, rebound is strong but 4-hour J value is 71
2400 above is a heavy resistance zone, plus the attack on chart 2 is bearish
Do not chase, support at 2330
$SOL
Current price 102, bulls were heavily liquidated last night
4-hour J value 78, rebound faces resistance at 103
Until it stabilizes above 104, still expect weak oscillation
📝 Midday review
After a deep V there will be fluctuations
The big test FOMC hasn't come yet, US stock market closed over the weekend again
This rebound is for those who bottomed out last night to take profits
Don't blindly FOMO, wait for a pullback confirmation
Control your hands, prevent a second dip #BinancePick #SouthKoreaDelaysCryptoIncomeTax