Good afternoon, darlings. The market secretly rose at night, which is probably a gift from the dog fund for everyone on 520. Although the big coin fell to the bottom of the daily level consolidation zone yesterday, it was pulled back at night. The daily level closed with a long lower shadow (true bullish, false bearish). The long lower shadow indicates that buying pressure is still relatively strong. The main reason is that the expectation of interest rate cuts is still there, and there are no major negative news, so it’s a bit difficult to crash down. Therefore, Old Zhang's viewpoint has always been to focus on buying on dips!
There are only a few pressure points left for the big coin to go up. If it can't go up, the smaller levels will still pull back. Breaking new highs requires the cooperation of good news to push the market up. Yesterday, on Monday, the weekly level had already pulled back, and whether it will pull back again depends on the bottom of the daily consolidation zone. Each time the bottom of the consolidation zone is reached, it will rebound. Another situation is that if the big coin can't break its previous high, the dog fund may lose patience and directly create some negative news to crash the market, washing out some people before pulling up again. The closer it is to the previous high, the less you should chase the long side; observation has no cost!
Today's market analysis:
$BTC Pay attention to 105500 for the big coin today. If it breaks this position, the 1-hour level will start retracing. The support levels to watch below are around 104700-103800-102757!
As long as it doesn't break the position of 105500 today, all levels are bullish, continuing to rise with the upper resistance levels to watch around 107100-108330-109980!
$ETH Pay attention to 2540 for Ethereum today. If it breaks this position, the 1-hour level will start retracing. The support levels to watch below are around 2493-2450-2390!
As long as it doesn't break the position of 2540 today, all levels are bullish, continuing to rise with the upper resistance levels to watch around 2585-2618-2650!
$BNB BNB pay attention to 649.7 today. If it breaks this position, the 1-hour level will start retracing. The support levels to watch below are around 645.3-641.5-637.8!
As long as it doesn't break the position of 649.7 today, all levels are bullish, continuing to rise with the upper resistance levels to watch around 654-660-667!
Pay attention to 167.5 for SOL today. If it breaks this position, the 1-hour level will start retracing. The support levels to watch below are around 165.1-162.9-159.5!
As long as it doesn't break the position of 167.5 today, all levels are bullish, continuing to rise with the upper resistance levels to watch around 170.7-173-176.5!
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