Morning analysis of BTC/ETH/SOL on 2025.11.21 at 10:25 AM

On this night, 3.6 billion was plundered, 198,099 people went bankrupt, with the main focus on the long positions. Many heavily leveraged long positions disappeared after a night's sleep. Last night, our average price for the BTC long position was 88805, the first position for ETH was at 2875, and the first position for SOL was at 135.2; during the day, we set a boundary at the new low in the early morning. If there is effective breakout with increased volume, exit to stop loss; if there is a retracement with decreased volume, consider adding positions to make trades or exit after adding positions with a small stop loss to break even. Even if not exiting, positions must be reduced to within 1% to free up daily positions for trading.
BTC resistance levels 74455/82845/88035/92228/96422
This moment belongs to the break of 88035, which opens the testing demand for 82845, so if there is another rebound to the 88035 line during the day, reduce positions or stop loss and exit.
ETH resistance levels 2225/2750/3170/3400
At this moment, the market gives the illusion that even shorting feels like chasing the market down, and then the whales take advantage of this cognitive bias to lure in more buyers. It can't even hold for a day before creating a new low in this wave of decline. Everyone knows there will be a rebound, but this gradual decline will not end quickly; one can only bet on a pullback, not a reversal. Shorting at every support and resistance level can try to break through the stop-loss of the resistance level. After ETH broke below 2750, it opened up the testing demand at 2225.
SOL resistance levels 95/109/133-142/167-171
After breaking 133, there is a large space below. Pay attention to the first position at 135.2 during the day. If 122 cannot be defended, it may break down with volume, so set a stop loss or even consider a light short position.
In terms of operation: The market will definitely rebound, but before the rebound, the market must be completely wiped out. At this moment, the decline is so severe that 95% of retail investors are trying to arbitrage by going long. The liquidity accumulated from long positions is still high, while most of the liquidity from short positions should be accumulated by market makers. Retail investors are not without liquidity, but their proportion is relatively small!
The rule of response is to cut losses on large positions without hesitation and to play lightly with small positions daily. Do not rush to recover losses; it is not too late to regain after a cycle ends. Because the current market situation is very fragmented in terms of rise and fall, one can only respond with small positions!
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