Happy weekend, brothers! The market rebounded overnight but didn't show much strength and directly broke below last night's low again in the morning. Each wave of rebound shows the buying power of the market makers. Last night's rebound did not have much strength, indicating that the market makers don't want to push it up either. If the main force is hard to pull, everyone won't follow, and it's meaningless to push the market up. If it's meaningless to push it up, it is better to sell!
Last night's decline also confirms my reminder from yesterday noon. Looking back now, was Old Zhang's reminder at the top? In this wave of pullback, the support levels on the daily chart below are at 106-105-102. These positions normally see a rebound if they are tested, so you can wait around these levels!
Today is the weekend, and there probably won't be much fluctuation in the market. Brothers who like to trade large trends should take a good rest this weekend, while those who excel at trading sideways markets can show off their skills. Just remember, there shouldn't be any big patterns in the weekend market!
Today's market analysis:
$BTC Bitcoin started to rebound after breaking through the second support level this morning. Pay attention to the position of 108100 today; only if it rebounds and stands firm above this position for 1 hour will it start to rebound. The upper resistance levels to watch are around 108970-109975-111100!
If today we can't stand above the position of 108100, it indicates that the rebound lacks strength. Keep an eye on the support levels below at 107185-106000-104265 around these positions!
$ETH Ethereum started to rebound near the second support level this morning. Pay attention to the position of 2541 today; only if it rebounds and stands firm above this position for 1 hour will it start to rebound. The upper resistance levels to watch are around 2585-2623-2654!
If today we can't stand above the position of 2541, it indicates that the rebound lacks strength. Keep an eye on the support levels below at 2497-2450-2418 around these positions!
$BNB BNB started to rebound after breaking through the third support level this morning. Pay attention to the position of 662 today; only if it rebounds and stands firm above this position for 1 hour will it start to rebound. The upper resistance levels to watch are around 666-671-675!
If today we can't stand above the position of 662, it indicates that the rebound lacks strength. Keep an eye on the support levels below at 658-653-649 around these positions!
SOL started to rebound after hitting the second support level this morning. Pay attention to the position of 176 today; only if it rebounds and stands firm above this position for 1 hour will it start to rebound. The upper resistance levels to watch are around 178-182-185!
If today we can't stand above the position of 176, it indicates that the rebound lacks strength. Keep an eye on the support levels below at 172-169-165 around these positions!
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