Good afternoon, brothers. The overall market has bounced back from the bottom these past two days. Bitcoin has risen 10 points from the bottom of 981 to 108 now. Other coins have also followed with a bounce. Bitcoin needs to go up 4 more points to reach the previous high. Let's see how much other coins need to rise to reach their previous highs. As I always say, without comparison, there's no harm. Advising you to buy Bitcoin and stay away from altcoins is not to harm you.
As Bitcoin moves up, focus on the three major resistance levels at 1089-11-1119. From observing the small scale K-lines of Bitcoin over the past 24-25 hours, it is evident that the rise has slowed down, especially at night when the first resistance level I provided was tested several times without breaking. Be cautious; if you don't have long positions, don't chase yet. Wait for a pullback, and if it reaches 103-104, it would be a good entry.
If Bitcoin is consolidating at the top, then focus on Ethereum or other altcoins. As long as Bitcoin does not pull back, other coins will also see a bit of a rise. However, once Bitcoin pulls back, other coins might drop even harder than Bitcoin. For those who like to play with altcoins, keep an eye on Bitcoin. Of course, I don't recommend playing with altcoins.
I didn't do a live stream for the brothers last night. I'll be waiting for everyone in the live stream tonight at 8:30!
Today's market analysis:
$BTC Today, pay attention to the previous high of 108240. It has been tested several times without breaking through. Only a strong breakout of this level will continue upward. The resistance levels to watch above are around 108900-109700-110330!
If the previous high of 108240 cannot be broken today, a small scale pullback will occur. Pay attention to the level around 106700. If it does not break this level, a small scale bounce will still happen. If it breaks, then watch for support levels around 105670-104630-103200!
$ETH Ethereum is my small-scale concern. Last night, I provided only three resistance levels, not expecting it to hit my fourth resistance level of 2520 (the third resistance level from yesterday afternoon) this morning before starting to pull back. Today, pay attention to the level at 2450. As long as it does not break this level, the price will continue to rise. Watch for resistance levels around 2491-2520-2546!
If it breaks below 2450 today, then a 1-2 hour level pullback will begin. Pay attention to support levels around 2416-2388-2353!
$BNB After breaking the first resistance level at night, BNB started to pull back. Today, pay attention to the level at 646. As long as it does not break this level, the price will continue to rise. Watch for resistance levels around 653-659.6-666.8!
If the price breaks below 646 today, then a 1-2 hour level pullback will begin. Pay attention to support levels around 641-635.7-630.2!
SOL struggled a bit this morning, hitting the first support level and then rising to the first resistance level before starting to pull back. Although it tested both the top and bottom of the sideways range, it did not break through and has now returned to within the range.
Today, pay attention to the level at 145. Only if it stabilizes above this level can it reach the top of the sideways range at 148. Only a strong breakout of this level will continue upward. Watch for resistance levels around 152.7-155.7-158.6!
If it cannot break above the top of the sideways range at 148 today, a smaller scale pullback will still occur. If it breaks below 145, then pay attention to the bottom of the sideways range at 142.2. If it cannot break, a small scale bounce will still happen. If it breaks, then a pullback will begin. Watch for support levels around 139-135.9-132.5!
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