This week's short-term profit potential was minimal, especially with Sol, which fluctuated within a mere 19 points throughout the week, lacking any continuity between bulls and bears. Compared to July and August, the first week of September certainly offered a significant contrast. However, September is the third month of Q3 and a transition month to Q4, so a small-scale market shakeout is perfectly normal. Interest rate cuts will resume this month, and the pre-cut market shakeout is essentially a dip-buying exercise by major investors, preparing for a rally. Sol's short-term third wave of decline, calculated over the past two days, could have reached a low of 198.1. Last night, it reached a low of around 199.13, confirming that 198 is the low point of the third wave. Based on daily, weekly, and monthly indicators, Sol remains in a major bullish trend. A monthly golden cross formed over the past two days (one month after ETH's monthly cross), but it hasn't yet taken effect. Needless to say, the power of a monthly golden cross is immense. Remember my posts in early July discussing ETH's monthly golden cross? At the time, the price was around 2700, and it was estimated that this rally would at least bring ETH to around 5500. In July, it reached 3960. Sol's last monthly golden cross occurred in 2021, when the price rose from 1 to 260. The five-month unilateral rise from October 2023 to March 2024, from the 10s to 210, was merely a major uptrend, from the monthly golden cross below zero to the monthly MACD crossing above zero. Therefore, Sol's potential upside after the Fed's resumption of rate cuts is promising. We should initially focus on the 229-233 range. A breakout and a firming there will open up the 257-296 range. Regardless of what the short-term bears say, we should focus on the broader trend and act accordingly, avoiding counter-trend trading. This will ensure no major problems. This is especially true for spot traders who entered the market at low levels in the first half of the year. It's not too late to sell after the October-November rally.

Last night, I set a profit-taking order in advance. It was done in time and in place.

Sol not only eats meat in the morning, but also eats more.

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ETH just retreated to around 4662 before pausing and rebounding. This is the lower support level of the 4660-4720 range. You can enter a short position and cover it after it breaks through 4750. However, if 4660 falls below this level, you should sell your short position. If you do, you can start at 4626-4612, add to your short position at 4572-4555, and build a solid defense at 4550-4508. The new high above 4888 is 4966.

Yesterday morning around 8:00, I said that the market was about to stabilize. The direction was clear.

Yesterday, I set a stop-loss at 4200 for my newly entered low-priced long position in ETH, which was a narrow win. It was just two pips away from breaking below 4200. Now, a pullback above 4300 is a good opportunity to go long. Although the 1- and 2-day moving averages are bearish, the 5-day, weekly, and monthly charts remain bullish. Support around the 4000 mark is strong, specifically the 1-day EMA (30:4016), the 3-day EMA (7:4180), and the 5-day EMA (7:4002). Unless these levels fall sharply below, shorting is not an option. Currently, shorting around 4300 is the most appropriate option, as a pullback to the 4,000 level could easily push it back above 4300. For the short-term, the key point for ETH is to avoid shorting below 4300 and avoid buying above 4280. This will keep the market stable.

eth: I shorted 4372-4418 before going to bed. It just rebounded to 4376 at around 6 o'clock this morning. This was the highest point before 18:00 today, so I shorted at the highest point again.

Yesterday afternoon, I waited for BTC to short at 114550. This morning at 6:00 AM, it hit 114569, which was also the highest point before 6:00 PM today. I shorted right at the highest point. While the short-term market may seem difficult to trade, the rhythm of both long and short positions is very smooth.

ETH is currently trading between 4200 and 4300, but that doesn't mean it can't fall. It's simply market makers playing with your mindset. The 12-hour MACD death cross is still lingering in mid-air, marking the final leg of a daily correction. If the weekly chart represents the CEO, the daily chart the manager, and the 12-hour chart the head of marketing, a strong rebound after it reaches zero will essentially end the daily correction. Thus, from Thursday to Friday, there's a high probability that ETH will accelerate its decline to support near the yellow line, the 30-day moving average (3974), before quickly rallying back above 4300. Below 4072, you can maintain a small position in batches. Only after an accelerated spike can a surge occur. Next, we'll see how strong bullish resistance is at the 4,000 mark. If it breaks through 4444 in one go, turn long. If it rebounds below 4380, go short. Of course, a direct rebound above 4444 tonight or tomorrow would be a welcome development. However, this is highly unlikely. The news will be released on Thursday and Friday. US stocks have been falling for several days. Powell's speech on Friday should theoretically provide some relief. Many are predicting a drop to 3,000 or 2,000, but this is highly subjective. Just listen to it; it's not very valuable for short-term trading.