BTC
Brothers, good morning. BTC started to pull back after breaking the four-hour level last night, with a low touching the first support I gave to the brothers the day before, around 101000. Last night, I already closed my Long position; currently, the shock position has not yet been closed. I am not too worried about the shock position; there are still opportunities to close in the coming days. There is a point of knowledge about hedge positions that I want to share with the brothers: the hedge position is actually to protect your position from being forcibly liquidated when you do not have enough margin. Normally, if your forced liquidation is secure enough, it is not recommended to open a hedge. Even if you open a hedge and your forced liquidation increases, then your hedge position should have a good stop loss; there cannot be floating losses in both directions. Many brothers do not understand and end up with positions that have floating losses on both sides, which are impossible to resolve. So brothers, remember that hedge positions must have a stop loss.
Currently, BTC is still in a four-hour pullback trend. Pay attention to the bounce pressure at the top at this level of 103200. Only if the four-hour closing line breaks this pressure, will the four-hour pullback be considered complete. Pay attention to the four-hour closing line; the intermediate peaks do not count. Only when the four-hour pullback is complete will there be an opportunity for a second attempt at highs. When considering long positions, the target pressure at the top is at 106000, 109000. As long as the four-hour closing line does not stabilize above 103200, the market will continue to decline. The support at the bottom is in the range of 100000-99200; in this range, one can attempt to open long positions with little capital. The big cake will only have the opportunity to fall deeply to around 95000 if the daily chart breaks 100000.
ETH
ETH is also in a four-hour pullback trend, with pressure at the top of 2502. Only if the four-hour closing line breaks this pressure, will the pullback be considered complete, and there will be an opportunity for a second attempt at highs. The pressure at the top remains at 2625, 2700, 2850. As long as the four-hour closing line does not stabilize above 2502, the market will continue to decline. The support at the bottom is at 2430, 2270, 2160.
SOL
SOL is also in a four-hour pullback, with a bounce pressure at 173. As long as the four-hour closing line does not break this pressure, the market will continue to decline. The support at the bottom is at 161, 155. Only if the four-hour closing line stabilizes at 173, will there be an opportunity for a second attempt at highs. The pressure at the top is at 180, 190.
BNB
BNB is also in a four-hour pullback, with bounce pressure at 660. As long as the four-hour closing line does not stabilize at 660, the market will continue to decline. The support at the bottom is at 627, 605. If the four-hour closing line stabilizes at 660, then we will look at 678, 690.$BTC $ETH $SOL #BNB
