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Following yesterday's significant decline, I successfully caught a pending order at a major support zone.
However, based on today's price movement throughout the day, the situation doesn't look optimistic, with prices declining steadily.
On the one-hour chart, the MACD death cross red histogram is continuing to shrink, the DIF is beginning to flatten, and the RSI has been hovering near the 40 oversold level, all attempting to stabilize.
That said, the afternoon's "break below the previous low followed by recovery" can be viewed as a successful support test.
Although the rebound strength is weak, the bears haven't followed through aggressively, and the bulls have held the final key level.
The current market is in a weak rebound ➕ consolidation and bottom-building phase. To achieve a trend reversal, we need a volume-driven bullish candle to confirm it.
Tentative plan:
Maintain the original stop-loss and wait for market changes.
BTC has four-hour EMA200 support and is temporarily safe.
SOL is also positioned at one-hour EMA200 and four-hour EMA50 support.
However, if ETH price tests 2,060 again and shows no pullback on the 15-minute chart, consider moving the ETH stop-loss up to 2,055.
If it breaks below 2,060 on volume, I'll consider manually exiting the ETH position early.
Finally, wishing everyone a pleasant weekend.
$BTC $ETH $SOL