Tongjun Daily Review, October 21, 2025 | Key resistance under pressure, short-term correction may continue
🔍Snapshot
Mainstream cryptocurrencies retreated collectively after hitting key resistance areas, with both BTC and ETH experiencing technical pullbacks, shifting the market from volatile to short-term corrections. Sol (SOL) broke below the lower edge of the flag pattern, signaling a bearish trend at a smaller scale; gold and US stocks were stable, with risk appetite temporarily declining. The current market strategy is defensive, awaiting structural rebalancing.
🪙BTC
After hitting key resistance yesterday, it dipped slightly, in line with expectations. The current large-scale level has been tested and retreated twice. If support is broken again this time, a more pronounced weak structure will emerge.
→ Trading Recommendation: Maintain a defensive approach in the short term, but be wary of the risk of breaking new lows.
📉ETH
As expected, the market began to decline after hitting the resistance area, and short-selling momentum has significantly strengthened.
→ The trend is bearish, and the decline may continue. Avoid bottom-fishing for now.
🤔SOL Solana
A descending flag pattern has recently formed and has now broken below its lower edge, indicating a clear downward trend at a smaller scale.
→ Bearish continuation is recommended; be cautious in shorting and wait for structural repair.
💭XRP Ripple
A stagflation signal appeared at the top and the market turned downward, coinciding with the highs of BTC and ETH.
→ In the short term, it is expected to follow the broader market's downward trend.
🐶DOGE Dogecoin
The market continues to fluctuate within a range, and the broader market is still in a correction phase.
→ No independent logic exists; continue to follow the broader market's trend.
📝Conclusion and Trading Recommendations
Market Status: A collective pullback after resistance was met, resulting in a short-term bearish bias.
Key Strategy: Maintain a light defensive position and wait-and-see approach; avoid bottom-fishing against the trend.
Key Focus: Whether BTC's support zone is breached three times and whether the break below the lower edge of the SOL continues to strengthen. #TongJunBTCQuickComment #Ctalks #NewsDigest #Crypto #Web3 #Trending #BTC