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The prelude to the crypto super cycle seems to be unfolding. Looking at the recent market momentum, BTC has sharply broken through the 96,800 level, and this surge is indeed fierce.
However, after such a significant rally, what’s next? The key will be the performance this afternoon. Generally speaking, after a rapid increase from a high level, the market does not immediately jump back down but requires a period of adjustment and consolidation. From a technical perspective, after reaching the 24-hour high of 96,800, a normal pullback should occur within the 2,000 to 2,500 point range, which is a relatively healthy correction.
If the pullback touches the 95,000 support level but does not break below it, it could actually be an opportunity for long position holders. Those with the capacity might consider doubling their positions, with take-profit levels locked between 95,750 and 96,800 for more stability. As for the short side, since the recent rapid rise has compressed the profit margins for shorts, and considering that the weekly rebound pattern is still in progress, if one insists on shorting, it should wait until key resistance levels like 98,800 or 101,300 are reached before considering.
ETH’s performance is relatively lagging, but its momentum is generally following the trend. Today, watch whether the 3,380 resistance level can hold. If it does, then the upward channel from 3,600 to 3,796 will open, and the 300-plus point range in between doesn’t have strong resistance, making this a profitable hold.
SOL’s momentum depends on the connection between the 156 and 168 levels.
Overall, the bullish trend is still continuing, and the major rally has not fully unfolded. Friends holding positions, enjoy the holiday!