Good afternoon, brothers. There’s not much to say about this kind of market movement. I already reminded you yesterday morning that Bitcoin's rise was slowing down, and it has continued like this until now. The 4-hour level is basically still in the upper range. However, it is worth noting that the small level peaks are getting lower and the bottoms are also getting lower, which clearly indicates a downtrend. If it cannot rise, just wait for the pullback!
In the coming days, as long as Bitcoin's daily level does not break below 105 during pullbacks, the upward trend remains. During the day, just pay attention to the bottom and top of the 4-hour range (1063-107). Today is Friday, be careful of any surprises tonight, and see if it can break out of this range; otherwise, the fluctuations will be just a point or two, even dogs would shake their heads!
Today's market analysis:
$BTC Bitcoin tested the first support level twice at night before rebounding. Today, pay attention to the 107430 level. As long as it closes above this level for 1-2 hours, this small level pullback will end and the market will start to rise again. First, watch the previous high at 108240; if it cannot break this level, it will still pull back. If it breaks above, then watch the resistance levels around 108900, 109700, and 110330!
If the market breaks below the 107430 level today, it indicates that the market still cannot rise. Watch the support levels around 106500, 105740, and 104630!
$ETH Ethereum started to rebound after hitting the second support level at night. Today, pay attention to the 2440 level; only if it stays above this level for 1-2 hours can this small level pullback be considered over and the market will continue to rise. Watch the resistance levels around 2488, 2520, and 2546!
If it cannot stay above the 2440 level today, then the 1-2-4 hour levels will pull back simultaneously. Watch the support levels around 2392, 2353, and 2316!
$BNB BNB started to rebound after breaking the first support level at night. Today, pay attention to the 646 level; only if it stays above this level for 1-2 hours can this small level pullback be considered over and the market will continue to rise. Watch the resistance levels around 653, 659.6, and 666!
If it cannot stay above the 646 level today, then the 1-2-4 hour levels will pull back simultaneously. Watch the support levels around 641, 635, and 630!
SOL started to rebound after breaking the second support level at night. Currently, the 4-hour range has been broken. Pay attention to the 141.6 level today; only if it stays above this level for 1-2 hours can the rebound begin. Watch the resistance levels around 145.4, 148, and 152.7!
If it cannot stay above the 141.6 level today, it indicates that the small level rebound lacks strength, and it will continue to fall. Watch the support levels around 137, 132.6, and 129!
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