Good afternoon, brothers. Last weekend was quite turbulent. Using everyone's accounts to compete with each other has been intense; this competition is not over yet, and more players are joining in. So everyone should pay attention to their accounts and make sure to handle stop-losses properly. Don't let your account drop to zero as if it were stolen; if it frequently drops to zero, it might be better not to play at all!
Last night I mentioned that the position of 990 could not be lost; although it dipped further during the night, it rebounded back up, indicating that this level has been temporarily held. Today, continue to observe the strength of the rebound. If it does not close above 1017 on the 4-hour level, it indicates that the smaller level rebound still lacks strength, be cautious of another decline. If it holds above 1017, then the 4-hour level can start to rebound!
The weekly line closes today, fortunately within the sideways range. This week, focus on the position of 100,000. Once the weekly line is lost, it will be a disaster. This wave has dropped from 1106 to 981, an 11-point drop, which is just a daily level correction. Ask yourself, are you afraid of the weekly level correction?
This week, Bitcoin needs to hold above 100,000; if so, at least the weekly level remains bullish. The daily resistance levels to watch are around 1032-1065-1089. If it falls below 100,000, the support levels to watch are around 981-94! For other coins, tune in to Lao Zhang's live stream at 8:30 PM; don't miss it!
Market analysis for today:
$BTC Bitcoin began to rebound after reaching the first support level during the night, today pay attention to the position of 100410; only if it holds above this level for 1-2 hours can we start to see a rebound. The resistance levels above to watch are around 101700-102755-103945!
If it breaks below the position of 100410 today, then this wave of 1-2 hour level rebound has ended, pay attention to a potential retest. The support levels below to watch are around 99500-98130-96850!
$ETH Ethereum just reached the second support level and began to rebound. Today, pay attention to the position of 2212; only if it holds above this level for 1-2 hours can we start to see a rebound. The resistance levels above to watch are around 2266-2313-2353!
If it breaks below the position of 2212 today, then this wave of 1-2 hour level rebound has ended, pay attention to a potential retest. The support levels below to watch are around 2161-2112-2073!
$BNB BNB began to rebound after breaking the second support level during the night. Today, pay attention to the position of 614; only if it holds above this level for 1-2 hours can we start to see a rebound. The resistance levels above to watch are around 623-628.6-635.5!
If it breaks below the position of 614 today, then this wave of 1-2 hour level rebound has ended, pay attention to a potential retest. The support levels below to watch are around 608-600-593!
SOL began to rebound after breaking the first support level during the night, and has reached the first resistance level. Today, pay attention to the position of 131.3; only if it holds above this level for 1-2 hours can we start to see a rebound. The resistance levels above to watch are around 133.6-136.4-139.6!
If it breaks below the position of 131.3 today, then this wave of 1-2 hour level rebound has ended, pay attention to a potential retest. The support levels below to watch are around 128.7-125.8-123.4!
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