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Stop chasing BTC, ETH, SOL! The weekly decline isn't over yet. When the yellow line acts as resistance, beware of the final sharp drop!
These past few days, many people have seen BTC, ETH, and SOL rebound and started shouting that the bull is back.
But I want to say:
The most dangerous time now isn’t during a decline, but when a rebound makes you relax your guard.
I’ve looked at the weekly charts of BTC, ETH, and SOL, and the conclusion is clear:
This major cycle downtrend has not truly ended.
The current rise is more like a technical rebound after a decline, not a trend reversal.
Let’s get to the main points:
BTC
The current price has rebounded to around 73500, but the real resistance above is at:
As long as there’s no effective breakout and stabilization,
this rebound is essentially a correction within a bearish trend.
The closer to the yellow line resistance, the more cautious you should be of a quick pullback and spike trap.
ETH
ETH is now rebounding to around 2272,
with key resistance at 2388.
This level is very critical.
Without a breakout, the rebound isn’t a reversal.
Many people tend to chase in at this stage, only to be washed out by a long upper wick.
SOL
SOL is currently around 93.69,
with key resistance at:
SOL’s structure is weaker than BTC and ETH,
and if the market faces resistance, SOL is more likely to experience a false breakout followed by a quick spike.
Why do I say “there’s still one last drop”?
Because the real bottom often doesn’t appear when everyone is excited.
It usually comes after:
So the biggest danger now isn’t a lack of rise, but rising first to show strength, then falling to trap you.
My simple view:
1. Don’t chase high now
Especially near yellow line resistance.
2. Rebound doesn’t equal reversal
If there’s no breakout and stabilization, don’t call a bull market yet.
3. Watch out for spike traps
Near weekly resistance levels, the most common trap is a false breakout with a quick spike.
Final words:
BTC, ETH, and SOL are all near key resistance zones.
They look like they’re turning stronger, but the major cycle bearish structure isn’t fully over.
At this point, it’s better to wait for confirmation than to chase high and gamble on a breakout.
The real opportunity always belongs to those with patience.
This is just my personal market analysis and not investment advice.
Do you think there’s still one last drop coming? Feel free to discuss in the comments.