Good afternoon, brothers! The May Day holiday is over, and it's time to return to our posts as workhorses. As long as you work hard, the boss will eventually start driving a Ferrari. If you're willing to endure hardship, you'll have endless suffering.
Back to the market: Bitcoin had no significant fluctuations overnight. The previous low didn't break, and the smaller time frames rebounded a bit. Currently, it's consolidating on a 4-hour level, so today, pay attention to the top and bottom of the consolidation zone. If it goes up, focus on the top of the consolidation zone at 948; if it goes down, the bottom is at 935. If neither the top nor the bottom breaks, the smaller time frames will be in a wide range of fluctuations.
The daily MACD for Bitcoin has already dropped below the 0 axis, and the 3-day line is about to form a death cross. Many people are starting to anticipate a pullback, so pay attention to the bottom of the consolidation zone; if it breaks, a new wave of decline will begin. Brothers who want to short can choose other coins to short on the rebound!
Today's market analysis:
$BTC Today, Bitcoin's rebound focuses on the position at 94800 (the top of the consolidation zone). If it can't hold above this position, it may continue to pull back. For lower levels, pay attention to the position at 93445 (the bottom of the consolidation zone); if it doesn't break, the smaller time frames will still rebound. If it breaks, pay attention to the support levels around 92720-91620-90455!
Today, only if it stands firmly above 94800 will the market continue to move upward. For the upper pressure levels, pay attention to the positions around 95666-96450-97300!
$ETH After breaking the first support level given by Ethereum at night, it came down and pierced the bottom of the consolidation zone. Today, pay attention to the position 1813; only if it stands firmly above this position will the smaller time frames move upward. Look at the top of the consolidation zone at 1830; if it can't break through, the smaller time frames will pull back. If the upper pressure level is broken, pay attention to the positions around 1848-1872!
If the 1-2 hour time frame can't hold above 1813 today, then pay attention to the bottom of the consolidation zone at 1791. If it doesn't break, the smaller time frames will rebound; if it breaks, look at the positions around 1780-1762-1730!
$BNB After BNB touched the first pressure level around 600 at night, the smaller time frames started to consolidate at the top. Today, pay attention to the position at 596.8; as long as it doesn't drop below this position today, the 1-2 hour time frame will still be bullish. Look at the previous high of 600; if it breaks, pay attention to the positions around 605.5-610!
If it can't go above 600 today, then for the smaller time frames, watch the position at 596.8 to see if it breaks. If it breaks, the 1-2 hour time frame will start to adjust. For the lower support levels, pay attention to the positions around 592.8-588-583!
After breaking the first support level given by SOL at night, it came down. Today, pay attention to the position at 145.2; only if it stands firmly above this position will the smaller time frames move upward. Look at the top of the consolidation zone at 147.3; if it can't break through, the smaller time frames will pull back. If the upper pressure level is broken, pay attention to the positions around 148.9-151.3-154!
If the 1-2 hour time frame can't hold above 145 today, then pay attention to the bottom of the consolidation zone at 142.4. If it doesn't break, the smaller time frames will rebound; if it breaks, look at the positions around 140.2-138-135.6!
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