BTC————————
The CME price gap between 26915 - 27915 has been filled, and the buy orders at 26728 and 26854 have been executed ✅.
Bitcoin has been consolidating in the range of 26000-30000 for 76 days. The moving averages on the 4-hour chart are starting to converge, and the weekly MA20 has shifted upwards towards the 26000 level.

Currently, there is still no clear trend in the short, medium, and long term.

At this juncture, it's advisable to enter a position and patiently await market direction before adding to the position. Primary focus should remain on price action when the market reaches 29,515 or 25,392.
Key resistance levels:
R3: 29515
R2: 29256
R1: 27728

Key support levels:
S1: 26854
S2: 26658
S3: 25392
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BTC————————
Bitcoin has broken above the resistance level at 27101, indicating a recovery in the short-term bullish trend.
However, due to the rapid price surge, it is now approaching the resistance zone near 29000. Additionally, there is a price gap of $1000 on the CME chart between 26915 and 27915, which adds to the risk of chasing the price at current levels. It is advisable to consider buying at key support levels below.

Short-term key resistance levels:
R3: 29515
R2: 28968 - 29256 (range)
R1: 28168

Short-term key support levels:
S1: 27570
S2: 26728 - 26854
S3: 26368
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BTC————————
Bitcoin has currently achieved the rebound target of the short-term inverse head and shoulders pattern on the 15-minute timeframe (26866).

If the momentum continues, the next target for the rebound could be around 27101.

However, given the unfavorable P/L ratio, it is no longer suitable to chase long positions here.The short-term direction of the market remains uncertain, as this price action can be interpreted as a " reversal following fake out" or as a "**retest after breaking a important support level".

It is recommended to closely observe the price behavior when it approaches 27101 and 25392, disregarding the interim choppy movements.

Short-term key resistance levels:**R2: 28968 - 29256 (range)
R1: 27101

Short-term key support levels:S1: 26265 - 26368 (range)
S2: 25392
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BTC————————
**Update:

Promptly warned yesterday, our position got out safely at breakeven.**

Presently, Bitcoin's trajectory is unfavorable for bulls, attributable to four factors:

1. The rupture beneath the short-term bullish trendline and critical horizontal price support portends a breakdown, suggesting downward trend bias.

2. Sweep of short positions before the dip accentuates the likelihood of a single-direction bearish trend.

3. Coinbase's shift from positive to negative premium indicates waning American buying power or a dominant American sell-off.

4. Amid the price drop, an increment in futures contracts and long/short ratio coupled with declining funding rates signals bearish market entry.
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According to the voting results of our community members, here is our SOL technical analysis:

SOL————————
Key Resistance:R3: 29.13
R2: 22.42
R1: 21.40

Key Support:S1: 19.82
S2: 15.30
S3: 13.66

SOL is currently in a rectangular consolidation phase on the daily timeframe.

It is testing the support at the lower boundary of the pattern, which is considered a strong support level.

If this support is breached, there is a possibility of a further decline towards the 13.66 level.

We recommend buying at key support levels (marked in green) and selling at key resistance levels (marked in red).
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BTC————————
Update:

The long order at 26637 has been filled. ✅**

Trading rationale**: Executing the short-term bounce trade plan from the previous analysis, entering a long position after confirming that 26518 was not directly breached.

Take profit level: 28300
Stop loss level: 26361
Risk-reward ratio: 5.89
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BTC————————
Update:

Bitcoin pumps and dumps again, and **we had already warned about risks at high levels this morning and advised against chasing highs.

We don't see any buying pressure at 26942, and it is currently testing the key support level of 26518.Let's first observe how the bulls defend. Buying directly on the dip is quite risky here, it is suggested to wait for signs of a reversal** (such as bullish Harami pattern in LTF, or long lower shadows on the HTF) before considering going long.

If the price cannot hold here, there's a high probability that it will quickly drop to the 25392 level.
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