Good afternoon, brothers. Waking up to a big surge, it turns out there's positive news. As for the news, I believe you all know, so I won't elaborate too much. Let's analyze from the candlestick patterns:
Bitcoin did not break below the bottom of the 4-hour range yesterday. If the bottom does not break, what happens? Even the big fool next door knows it will either continue to consolidate or go up. I believe you, being smart, certainly know this. It was clearly mentioned yesterday that if the bottom does not break, there will be a rebound at the smaller level. The upward trend will watch the top of the consolidation area, which has already touched the top at night without pulling back, leading to a strong upward move this morning to the previous top resistance area.
There are quite a few news items today, so everyone should pay attention. The morning news has already passed, so those without long positions shouldn't chase. Key points to note later: Ethereum upgrade today, the Federal Reserve will announce interest rates at 2 AM tonight, and at 2:30 AM, Jerome Powell will speak. As for whether there will be interest rate cuts in the second half of the year and how many cuts, this can all be seen as positive speculation for the larger cycle. Therefore, I still maintain the previous view: mainly look for long positions during pullbacks, and when reaching significant resistance levels, consider short positions!
Today's Market Analysis:
$BTC Bitcoin just surged to the previous high area and then started to pull back. Today, pay attention to the 96160 level for a pullback. As long as it doesn't break this level on the pullback, the bullish trend remains, and we can continue to monitor the upper resistance levels around 97260-97866-98500!
If today, the price pulls back and breaks below 96155, then we will start a one-hour level correction, continuing to monitor the lower support levels around 95290-94415-93445!
$ETH Although Ethereum has positive expectations for the upgrade, its performance is somewhat lacking. This surge just happened to touch the third resistance level given during the night before coming down. Today, pay attention to the 1816 level for a pullback. As long as it doesn't break this level on the pullback, the bullish trend remains, and we can continue to monitor the upper resistance levels around 1848-1872-1903!
If today the price pulls back and breaks below 1816, then we will start a one-hour level correction, continuing to monitor the lower support levels around 1792-1756-1730!
$BNB BNB also followed the market up a bit but only touched the second resistance level before coming down. Today, pay attention to the 601.4 level for a pullback. As long as it doesn't break this level on the pullback, the bullish trend remains, and we can continue to monitor the upper resistance levels around 605.5-610-614!
If today the price pulls back and breaks below 601.4, then we will start a one-hour level correction, continuing to monitor the lower support levels around 597.4-592.8-588!
SOL also followed the market up a bit but only touched the second resistance level before coming down. Today, pay attention to the 145 level for a pullback. As long as it doesn't break this level on the pullback, the bullish trend remains, and we can continue to monitor the upper resistance levels around 149-151.3-154!
If today the price pulls back and breaks below 145, then we will start a 2-4 hour level correction, continuing to monitor the lower support levels around 142.2-140.2-138!
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