Good afternoon, everyone. I woke up and made money. After waiting for a pullback for several days, I finally had a good meal last night. The drinks last night were not in vain. Overnight, it basically touched the second support level and started to rebound. For those who got in, please manage your profits and losses or move your stop loss. I will give you the entry point, but exiting is up to you, as everyone's perspective is different. Just like me, being a bad guy, I definitely lack perspective when trading!
A few days ago, I mentioned that the short positions have been exhausted, and those who understand know what to do next. When everyone is still in FOMO, that is when risks emerge. I advised not to chase the rise and to wait for a pullback. After a false breakout last night, a pullback began. The top dropped nearly 5 points, and looking at altcoins, they also fell. A pullback will calm people down. Of course, opportunities arise from declines. As long as the expectations for interest rate cuts remain, every pullback is an opportunity for everyone to get on board!
Today, we will focus on the previous low where the big coin spiked last night. If this position is not broken, a small-level rebound will occur. If it breaks, the pullback will continue. There is also CPI data tonight at 8:30. Please be cautious of the news and try to avoid trading around it!
Today's market analysis:
$BTC Pay attention to 103080 for the big coin today. This position is the top horizontal zone of a small-level rebound. Only if it stabilizes above this position for 1-2 hours will the market continue to rise. The upper resistance levels to watch are around 104855-105860-107066!
If the rebound cannot hold above 103080 today, it indicates that the rebound lacks strength, and it will continue to drop. Look for the previous low of 100700 below. If it does not break this position, a small-level rebound will occur. If it breaks, pay attention to the support levels around 99135-98000-96850!
$ETH Pay attention to 2500 for Ethereum today. This position is the top horizontal zone of a small-level rebound. Only if it stabilizes above this position for 1-2 hours will the market continue to rise. The upper resistance levels to watch are around 2575-2623-2675!
If the rebound cannot hold above 2500 today, it indicates that the rebound lacks strength, and it will continue to drop. Look for the previous low of 2407 below. If it does not break this position, a small-level rebound will occur. If it breaks, pay attention to the support levels around 2361-2315-2270!
$BNB Pay attention to 656.8 for BNB today. Only if it stabilizes above this position for 1-2 hours will the rebound begin. The upper resistance levels to watch are around 671.1-681.5-692!
If the rebound cannot hold above 656.8 today, it indicates that the rebound lacks strength, and it will continue to drop. Look for the previous low of 640 below. If it does not break this position, a small-level rebound will occur. If it breaks, pay attention to the support levels around 631.3-622.7-615!
Pay attention to 171.5 for SOL today. Only if it stabilizes above this position for 1-2 hours will the rebound begin. The upper resistance levels to watch are around 174.7-180-183!
If the rebound cannot hold above 171.5 today, it indicates that the rebound lacks strength, and it will continue to drop. Look for the previous low of 167 below. If it does not break this position, a small-level rebound will occur. If it breaks, pay attention to the support levels around 164.3-161.3-158.5!
[Bringing you the latest market analysis and precise entry points for reference every day]
