Good afternoon, brothers. Traveling in Ho Chi Minh City is exhausting. I slept until the afternoon. It’s a bit late, but I still need to share the market analysis. I thought there would be significant fluctuations last night, but the market didn’t move much. Old Zhang placed several long orders, but none got filled!
Currently, Bitcoin and Ethereum have formed a consolidation zone at the 4-hour level. The smaller levels are fluctuating within this range. After a drop, there's a bottom consolidation, and the longer it stays sideways, the higher the probability of an upward move. However, Iran and Israel are still in conflict, and such uncertainties make bulls hesitant to enter the market. Just trade around the top and bottom of the consolidation zone; don't have grand expectations!
Today's market analysis:
$BTC Bitcoin is focusing on the 104410 level today. As long as it stays above this level, the market will move towards the top of the consolidation zone at 105475. If it breaks above, then watch around 106740-107745-108900!
If today it cannot break above, it will still pull back. If it breaks below 104410, it will test the bottom of the consolidation zone at 103445. If it doesn’t break, it will still rebound. If it breaks below the support levels, watch around 102620-101470-100310!
$ETH Ethereum is focusing on the 2515 level today. As long as it stays above this level, the market will move towards the top of the consolidation zone at 2547. If it breaks above, then watch around 2582-2617-2656!
If today it cannot break the top of the consolidation zone, it will still pull back. If it breaks below 2516, watch the support levels around 2491-2465-2433!
$BNB BNB is focusing on the 646 level today. Only if it stays above this level for 4 hours will it start to rebound. The resistance levels to watch above are around 650.9-655.3-659.3!
If the rebound today cannot hold above the 646 level, it indicates that the 1-2 hour level rebound lacks strength, and it will continue to test the support levels below, focusing on around 642-637-633!
SOL is focusing on the 147 level today. Only if it stays above this level for 4 hours will it start to rebound. The resistance levels to watch above are around 149-152.4-155.7!
If the rebound today cannot hold above the 147 level, it indicates that the 1-2 hour level rebound lacks strength, and it will continue to test the support levels below, focusing on around 144-141-138!
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