Good evening, brothers. Your market analyst Xiao Zhang is back again. In the market analysis on the 1st, I mentioned that if it breaks below 1006 this month, it will start to pull back deeply, with the first target at 993 (the third support level given today). Just now it dipped to around 990. Sorry, after more than 20 days, I still came back, but there was an error of over 300 USDT. I feel a bit sorry for you guys!
Bitcoin has temporarily stabilized at this position, but the war in Ukraine has not yet stopped, and there are still many unknown factors. This is also what I hinted at a few days ago regarding the risks. Let's see the strength of the rebound tonight. If the war continues, it will keep falling. If the 990 position is lost, we will have to watch around 935!
The market has fallen for three consecutive days, and the altcoins led by Ethereum are all in the red. Many people previously called for an altcoin season, but instead, we got an altcoin sacrifice.
Babe, are you still playing with altcoins after this drop? It's too late to listen to me after losing everything and not playing with altcoins. But that's okay, just wait for Bitcoin to drop further and then buy in batches. They just issued 2 billion USDT; I'm just waiting to help my brothers out. You want to buy Bitcoin at 110,000, but when it's at a 10% discount, you think it’s too cheap, right? A crash is just an opportunity!
Night market analysis:
$BTC Bitcoin's rebound tonight should pay attention to the 101200 position; only if it stays above this position for 1-2 hours can it start to rebound. The upper resistance levels to watch are around 102755-103940-105065!
If we can't stay above 101200 tonight, it indicates that the rebound lacks strength. First, watch the previous low at 99025; if it doesn't break, it will still rebound at a small level. If it breaks, pay attention to the support levels near 98000-96850-95800!
$ETH Ethereum's rebound tonight should pay attention to the 2225 position; only if it stays above this position for 1 hour can it start to rebound. The upper resistance levels to watch are around 2280-2315-2353!
If we can't stay above 2225 tonight, it indicates that the rebound lacks strength. First, watch the previous low at 2155; if it doesn't break, it will still rebound at a small level. If it breaks, pay attention to the support levels near 2112-2073-2036!
$BNB BNB's rebound tonight should pay attention to the 618.6 position; only if it stays above this position for 1 hour can it start to rebound. The upper resistance levels to watch are around 625-631-635!
If we can't stay above 618.6 tonight, it indicates that the rebound lacks strength. First, watch the previous low at 608; if it doesn't break, it will still rebound at a small level. If it breaks, pay attention to the support levels near 602-597-592.8!
SOL's rebound tonight should pay attention to the 130 position; only if it stays above this position for 1 hour can it start to rebound. The upper resistance levels to watch are around 132.8-136.3-140!
If we can't stay above 130 tonight, it indicates that the rebound lacks strength. First, watch the previous low at 126.5; if it doesn't break, it will still rebound at a small level. If it breaks, pay attention to the support levels near 123-120-117!
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