5🈷️12日 Daytime Market Analysis:
Good afternoon, brothers. A new week has begun, and Bitcoin has rallied for a whole week. Last week's weekly candle closed with a strong bullish trend, and Bitcoin is still on an upward trend on the daily chart. Following Qianshan's method, we can still buy on the dips. I believe everyone has made some profits, right? However, many people are still shorting below 95, stubbornly holding onto their positions. Holding onto losing positions is the only way to face liquidation, no exceptions.
After this wave of daily bullish movement, Bitcoin has started to consolidate at the top again. The 105 resistance level has been tested three times without breaking through, indicating that this level is a solid ceiling. For the market to continue upward, it must strongly break through this resistance. If it can't break through, we will have to wait for a correction, even a small correction is acceptable. As always, follow the trend and buy on the dips.
After this wave of increase, the first bottom of the 4-hour consolidation area for Bitcoin is 1023. As long as it doesn’t fall below 1023, the bullish trend remains intact. If it breaks below, we will have to reassess, looking at the strong supports at 1001 and 991.
Ethereum had the largest increase last week, with the daily top around 2600. If it can’t break through, then a correction is expected. This week, strong support levels are at 2435-2275-2160.
Bitcoin Resistance Levels:
106400, 107200, 108000
Bitcoin Support Levels:
103300, 102200, 101000
Ethereum Resistance Levels:
2550, 2600, 2650
Ethereum Support Levels:
2460, 2420, 2380
BNB Resistance Levels:
668, 679, 686
BNB Support Levels:
648, 640, 632
SOL Resistance Levels:
178.8, 181.8, 185.8
SOL Support Levels:
169.8, 164.8, 161.8
Brothers, if you like Qianshan's market analysis and find it helpful, please give a thumbs up to support Qianshan and follow him. Thank you all for your support!!! You deserve to make money!!!
