Web Analytics
BitcoinSistemi
2025-03-13 20:58:07

Chinese Trader Announces Critical Support Levels to Prevent Major Decline in Bitcoin (BTC) and Solana (SOL) – Shares Altcoins He Completely Removed from His Por...

Chinese trader Eugene Ng Ah Sio has identified key support levels for Solana (SOL) and Bitcoin (BTC) and shared his latest market views, announcing his decision to remove Ethereum (ETH) from his portfolio. In a Telegram group discussion, Eugene noted that SOL’s key support level is around $80, which he sees as a strong buy zone for a mean reversion trade. However, if SOL fails to maintain this level, the next major support could drop significantly to $25. For BTC, Eugene highlighted the $74,000 to $76,000 range as a key support area. He also suggested that unless MicroStrategy sells on a large scale, $52,000 remains a solid floor. However, in the event of a major sell-off, BTC could potentially drop to $25,000. Related News: Michael Saylor Reveals the Time It Will Take for Bitcoin to Become the World's Largest Asset Additionally, the trader announced that he has removed ETH from his portfolio, signaling a cautious stance regarding Ethereum’s short-term outlook. At the time of writing, Bitcoin is trading at $80,600. *This is not investment advice. Continue Reading: Chinese Trader Announces Critical Support Levels to Prevent Major Decline in Bitcoin (BTC) and Solana (SOL) – Shares Altcoins He Completely Removed from His Portfolio

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.