Good afternoon, brothers. Last night we mentioned that if Bitcoin does not close above the sideways range, it will continue to oscillate within that range. Last night, after a pin upwards, it ultimately came down, and it has now fallen to the bottom support of the sideways range around 963. If this position does not break, the smaller level will still rebound to touch the top of the sideways range. It will only continue to rise if it breaks the top. If the 4-hour level strongly breaks below the bottom of the sideways range, the market will need to retrace!
Last night's rise in Bitcoin was solely due to Bitcoin moving upward, while other coins did not follow, which is quite intriguing. In other situations, when Bitcoin rises, other coins usually rise a bit as well, but recently during Bitcoin's two 4-hour level waves, other coins hardly followed. I feel something is off!
Bitcoin has risen from the bottom of 745 to nearly a month of continuous rises until yesterday. In the second half of the month, there hasn't even been a pin, and currently Bitcoin is performing alone while altcoins do not follow. This shows that altcoin whales are also afraid that Bitcoin might turn at any time and dare not follow. So, brothers, be cautious and be prepared for pinning up (if not better). For pinning, there is support below Bitcoin at 93-916, and if it breaks 916, it will deeply retrace!
Today's market analysis:
$BTC Today, pay attention to Bitcoin at 96300 (the bottom of the sideways range). As long as it doesn’t break this position on a pullback, it will still go up after a slight pullback. First, look at the top of the sideways range at 97390, and if it breaks above, pay attention to the resistance levels around 98500-99400-100370!
If today the 4-hour level closes below 96300, then the 4-hour level will start to adjust. Pay attention to the support levels around 95300-94110-92845!
$ETH Ethereum hit the first resistance level overnight and then came down. Today, pay attention to the 1830 position. As long as the 4-hour level does not break this position, the market will continue to rise. Pay attention to the resistance levels around 1872-1903-1928!
If today’s pullback breaks below 1830, then the 4-hour level will start to adjust. Pay attention to the support levels around 1800-1762-1730!
$BNB BNB had no significant fluctuations overnight. Today, pay attention to the 600 position. Only if the 4-hour level stabilizes above this position will it start to rebound. Pay attention to the resistance levels around 604.3-610-614!
If today the 4-hour level cannot stay above the 600 position, the market will not go up and will continue to oscillate within the sideways range. Pay attention to the support levels around 595.2-591.3-587.2!
SOL hit the first support level overnight and then started to rebound. Today, pay attention to the 150 position. Only if the 4-hour level stabilizes above this position will it start to rebound. Pay attention to the resistance levels around 153.4-157.2-159.4!
If today the 4-hour level breaks below the 150 position, the market will continue to probe downwards. Pay attention to the support levels around 147.4-144.8-141.2!
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