Good afternoon, brothers. A new week has begun. Bitcoin and Ethereum have risen for a whole week. Last week, the weekly line closed with a big bullish candle; I believe everyone has made money, right? But I can confidently say that most people are losing money. Many people are shorting below 95 and holding on. Old Zhang often says: holding positions is the only way to liquidation, no exceptions! The more you short, the greater the upward momentum. The more you struggle, the more excited the market makers become!
After this wave of daily level rise for Bitcoin, it has started to top out. The top at 105 has been tested three times on the daily level without breaking through, indicating that this position is a strong resistance. For the market to continue rising, it must break through this top forcefully. If it cannot, wait for a pullback, even a small level pullback is acceptable!
After this wave of rise, the bottom of the first wave of the 4-hour flat zone for Bitcoin is 1023. As long as it does not break 1023, the bullish trend remains. If it breaks, it will need to test lower again, with major support at 1001 and 991!
Ethereum had the largest increase last week, with the daily top around 2600. If it cannot break through, there will be a pullback. This week, the strong support below is at 2435-2275-2160!
Today's market analysis:
$BTC Bitcoin fell after hitting the first support level at night. Today, pay attention to the position 104150. As long as the 1-2 hour level stabilizes at this position, the market will continue to rise and test the peak. For the upper side, look at the previous high of 105200. If it breaks through, then look at the nearby positions of 106380-107255-108330!
If today the previous high cannot break and falls below the position 104150, then the 1-2 hour level will start to pull back. For support, pay attention to the nearby positions of 103330-102350-100950!
$ETH After breaking the first support level at night, Ethereum started to rise. Today, pay attention to the position 2501. Only if the 2-4 hour level closes and stabilizes at this position will this hourly level pullback end, and the market will continue to rise. For resistance, pay attention to the nearby positions of 2555-2605-2660!
If today the 2-4 hour level closes and breaks below the position 2501, then the 2-4 hour level will start to pull back. For support, pay attention to the nearby positions of 2461-2420-2381!
$BNB After breaking the first support level at night, BNB started to rise. Today, pay attention to the position 657. Only if the 2-4 hour level closes and stabilizes at this position will this hourly level pullback end, and the market will continue to rise. For resistance, pay attention to the nearby positions of 668.2-679.5-684.6!
If today the 2-4 hour level closes and breaks below the position 657, then the 2-4 hour level will start to pull back. For support, pay attention to the nearby positions of 648.7-640.3-631.3!
For SOL, pay attention to the position 173.6 today. Only if the 2-4 hour level closes and stabilizes at this position will this hourly level pullback end, and the market will continue to rise. For resistance, pay attention to the nearby positions of 177.6-180.3-186.8!
If today the 2-4 hour level closes and breaks below the position 173.6, then the 2-4 hour level will start to pull back. For support, pay attention to the nearby positions of 169.3-164.5-161.3!
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