Midday Crypto Market Update: Bulls Strong, Key Levels Analysis
Hello brothers! I'm a bit dazed, the market's rise is too crazy, the bulls are simply 'killing it', secretly pushing up prices early in the morning. Bitcoin (Big Pie) and Ethereum (Ether) have both broken new highs. I don't have any long positions, so I can only watch everyone else make money. Although I feel a bit uncomfortable inside, at least I still have some spot holdings to comfort myself.
Currently, Bitcoin is fluctuating in a wide range at the top, while Ethereum continues to catch up, setting new highs every day. At this momentum, it seems to be heading straight for the strong resistance level of 2850. For those wanting to short, you must control your hands! Being bearish is one thing, but never short easily. The market has not even shown any signs of a pullback in the past few days, and it has been rising continuously over the weekend. To dare to short at this time is simply giving money to the market. Everyone must be responsible for their own capital, do not place orders casually; it’s better to miss out than to blindly short in this strong upward trend!
Below is today’s market analysis and key operation points for various mainstream cryptocurrencies:
1. Bitcoin (Big Pie): Focus on the key support level of 103820. As long as the price does not fall below this level, all levels are under the control of the bulls, and the upward trend is expected to continue, with resistance levels at 104980, 105750, and 106400. If today’s price falls below 103820, the 1-hour level will enter a correction mode, with support levels at 103055, 102350, and 100950.
2. Ethereum (Ether): Today’s key support level for Ethereum is 2531. If the price holds this level, the bullish trend is stable, with subsequent resistance levels at 2605, 2660, and 2719. However, if it falls below 2531 during a pullback, the 1-hour level will initiate a correction, with support levels at 2485, 2428, and 2381.
3. SOL: SOL needs to keep a close eye on the support level of 175.1. If the price holds this level, all levels are in the hands of the bulls, and the upward trend will continue, with resistance levels at 180.3, 186.8, and 193.7. If it unfortunately falls below 175.1, the 1-hour level will start to correct, with support levels at 171.6, 168.5, and 164.3.
The market is changing rapidly; it is recommended that everyone closely monitor the breaking of key levels, manage positions reasonably, and set stop-loss and take-profit levels strictly. I hope everyone can invest rationally in this wave of market, and reap a bountiful harvest!
