Agan Community Today's Market Interpretation

Hello everyone, I am A Gan, and today's market analysis is here

1: The big coin started to rise near the lowest point of 98000 last night, reaching a recent strong resistance level of 99900, and once again standing above the 100,000 US dollar mark. As of now, the contract has reached a maximum of around 102770. Short-term resistance is at 102800, and if it goes up from here, it will be around 105500. Once this resistance is broken, it will reach new highs. Short-term support is at 101000, with key support around 100300. If it stabilizes above the 10 dollar mark, we will continue to look for upward movement; if it falls below 100,000, it will go down.

2: The second coin started to slowly rise near the lowest point of 3610 yesterday, reaching a maximum of 3744 before starting to retrace. The lowest point again touched around 3650. Currently, the second coin has risen to a small resistance level but has not completely broken through 3730. If it stabilizes, last night's rapid spike was quickly brought down. The short-term pressure is still to pay attention to the range of 3730-3740, with minor support at 3650 and key support at 3570.

3: Last night, the U.S. stock market opened high and continued to rise, with the NASDAQ closing up 240 points, and at its peak, it rose by 400 points. It was precisely because of the surge in the U.S. stock market that the big coin broke through the 100,000 US dollar mark.

Summary of the current market trend: For this wave of rising in the big coin to maintain a relatively good market, it cannot fall below the 100,000 mark on retracement. When the big coin has risen enough and cannot go higher, funds will start to flow into the second coin, which will begin to rise and slowly pull up to around 4000. This will help drive the altcoins to have a relatively better market.

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