Chinese Trader Reveals Critical Support Levels to Prevent a Major Drop in Bitcoin (BTC) and Solana (SOL) - Shares Altcoin He Completely Exited From His Portfolio!

Chinese trader Eugene Ng Ah Sio identified important support levels for Solana (SOL) and Bitcoin (BTC) and shared his latest market views by announcing the decision to remove Ethereum (ETH) from his portfolio.

In a Telegram group discussion, Eugene noted that the basic support level for SOL, which he sees as a strong buying area for average return trading, is around $80. However, if SOL cannot hold this level, the next key support could significantly drop to $25.

For BTC, Eugene highlighted the key support range as between 74,000 and 76,000 dollars. Additionally, he claimed that as long as MicroStrategy does not make large-scale sales, 52,000 dollars will remain a solid ground. However, in the event of a major sell-off, BTC could potentially drop to as low as 25,000 dollars.

Additionally, the trader also signaled a cautious stance on the short-term outlook for Ethereum by announcing the removal of ETH from his portfolio.

At the time of writing this article, the price of Bitcoin is trading at 80,600 dollars.