Good afternoon, brothers. Missiles attacked everyone's accounts again at night, and the entire market is crashing. However, for Bitcoin, this decline is just a minor issue, but for altcoins, it’s like a nuclear strike. Ethereum dropped 8%, while Bitcoin fell by less than 2%. Moreover, Bitcoin dropped and then rebounded. Last night, I asked everyone to pay attention to the assets that resist the drop and rebound quickly. Did you notice that only BNB and Bitcoin rebounded the strongest after hitting the third support level?
Previously, Old Zhang kept saying that for going long, Bitcoin is the first choice, and for going short, Ethereum is the first choice. This statement is not wrong, right? When the market crashes, Bitcoin breaks through the third support level but eventually rebounds. However, Ethereum, that worthless asset, directly fell to the sixth or seventh support level. Can you believe that? Bitcoin hasn't broken 100,000 yet; where are the people who hyped Ethereum to 4,000? Just talking?
A few days ago, I kept reminding everyone about the impact and uncertainty of the Israel-Palestine conflict on the crypto market. Over the past two days, it's been clear through the candlestick chart that every time there is a strike, the price drops. Therefore, as long as the war doesn't end, the rebound at high positions still looks appealing. However, I'm still that person who just rushes in and runs away with a little profit every time I trade!
Today is just like yesterday. Let's observe the small-level rebound. When it reaches the resistance level, short positions can still be entered lightly. If the war ends, then focus on going long!
Today's market analysis:
$BTC Today, pay attention to the position of 102210 for Bitcoin. Only if it holds above this position for 1 hour will a rebound start. The resistance levels above to watch are around 103100-103945-105065!
If it drops below 102210 today, it indicates that the small-level rebound lacks strength, and it will continue to drop. The support levels below to watch are around 101165-100310-99400!
$ETH Today, pay attention to the position of 2312 for Ethereum. Only if it holds above this position for 1 hour will a rebound start. The resistance levels above to watch are around 2353-2385-2411!
If it cannot hold above 2312 today, it indicates that the small-level rebound lacks strength, and it will continue to drop. The support levels below to watch are around 2242-2212-2185!
$BNB Today, keep an eye on the position of 632.7 for BNB. Only if it holds above this position for 1-2 hours will a rebound begin. The resistance levels above to watch are around 638.3-644.8-649.3!
If it cannot hold above 632.7 today, it indicates that the small-level rebound lacks strength, and it will continue to drop. The support levels below to watch are around 626.4-622-618.4!
Today, keep an eye on the position of 137.5 for SOL. Only if it holds above this position for 1-2 hours will a rebound begin. The resistance levels above to watch are around 140-143-145.5!
If it cannot hold above 137.5 today, it indicates that the small-level rebound lacks strength, and it will continue to drop. The support levels below to watch are around 133-130.5-128.3!
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