Good afternoon, brothers. Bitcoin has dropped since the night before last. Yesterday and at night, it formed a straight line with no market movement. If there are no movements, just patiently wait. After major movements, it’s time for consolidation. By tonight, the market should break out of a 4-hour range. Bitcoin is still observing around the resistance of 1084 and the support of 1072. Only a breakthrough above 1074 will allow for a rebound, while a drop below 1072 will lead to a decline!
At night, only the first support levels of Ethereum and BNB have allowed brothers to enter the market. For those who haven’t exited their long positions, make sure to set a trailing stop loss. If you are hesitant about whether to exit, then reduce your position size. For the remaining position, just ensure to implement a trailing stop loss. Avoid having a fixed mindset during weekend trading, or it will be mentally exhausting. Either wait for opportunities!
Today's market analysis:
$BTC Bitcoin today pay attention to the resistance level at 108370 in the range, only a breakthrough above this level will allow the market to continue to rise. The upper resistance levels to watch are around 109060-109760-110490!
If today’s rebound does not stand above 108370, it indicates that the rebound lacks strength. In case of a decline, pay attention to the support level at 107820 in the range. If this level does not break, a small-scale rebound will still occur. If it breaks, watch the lower support levels around 107225-106370-105340!
$ETH Ethereum today pay attention to the resistance level at 2525 in the range, only a breakthrough above this level will allow the market to continue to rise. The upper resistance levels to watch are around 2555-2584-2610!
If today’s rebound does not stand above 2525, it indicates that the rebound lacks strength. In case of a decline, pay attention to the support level at 2496 in the range. If this level does not break, a small-scale rebound will still occur. If it breaks, watch the lower support levels around 2473-2450-2430!
$BNB BNB today pay attention to the resistance level at 656 in the range, only a breakthrough above this level will allow the market to continue to rise. The upper resistance levels to watch are around 659-664-670!
If today’s rebound does not stand above 656, it indicates that the rebound lacks strength. In case of a decline, pay attention to the support level at 652 in the range. If this level does not break, a small-scale rebound will still occur. If it breaks, watch the lower support levels around 650-646.5-643!
SOL today pay attention to the resistance level at 148 in the range, only a breakthrough above this level will allow the market to continue to rise. The upper resistance levels to watch are around 151-153-155!
If today’s rebound does not stand above 148, it indicates that the rebound lacks strength. In case of a decline, pay attention to the support level at 145 in the range. If this level does not break, a small-scale rebound will still occur. If it breaks, watch the lower support levels around 142.6-140-137!
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