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#BTC Hello everyone, I'm Nanjing Pancake Brother. Analysis of market trends on 2024-12-29!
First of all, I would like to apologize to the fellow investors who started following on Thursday. The deep retracement of SOL and BTC on Thursday caused us to lose some profits and caused the fellow investors to lose their principal. I am deeply sorry for this. I will consider position sizing and risk management in the future.
Next, let's analyze the market trend below:
Figure 1: SOL has returned to the top according to my pinned post, the only downside is the deep pullback on Thursday. Operation strategy, continue to hold long positions at low levels, watch for the breakthrough of previous resistance levels, and if it does, see if the H4 bullish candle can hold. If it holds, add to the position. If it fails to break through, reduce half of the position, and wait for a pullback to add more.
Figure 2: The trend of Ethereum is completely following the trend chart I drew, exactly the same. This is a standard pullback position. It is also one of the forms I hope to see. The operation train of thought is the same as SOL.
Figure 3: The big cake is currently accumulating power. Although the K-shaped pattern is different, it is currently stabilizing, and the low point is constantly moving up, waiting to sprint to the previous high point. The operation train of thought is the same as SOL. Figure 4 is the trend chart I drew last week. Next, let's continue to run our profits, thanks for everyone's support and understanding.