Good morning, brothers. A new week has begun. Last night during the market analysis and live broadcast, I mentioned waiting for a pullback to enter long positions. By around 2 o'clock, it had essentially pulled back to the white line position and started to surge up. This wave of rise is quite aggressive, targeting the high point of the daily line on the 3rd. As long as Bitcoin breaks through the previous high of the 3rd, the next big target is 1119. Let's see if there is an opportunity this week. Of course, if it doesn't reach the previous high of the daily line on the 3rd, it will still come down!
Bitcoin has pulled back after a downward spike last week and is currently still at the top of the horizontal area on the weekly and monthly levels. For brothers who like to go long, do not chase the price. Whether you are trading short-term or medium-to-long-term, you must wait for a pullback before entering. Moreover, long positions should not be too aggressive since the top area has higher risk than profit. If you are in profit, make sure to set a trailing stop to lock in profits!
This week, Bitcoin's pullback support levels to watch are 1067-105-1005. As long as there is a normal pullback to these levels during the day, there will be opportunities for long positions. The resistance levels above to watch are 1105-1119. Those who like to short should keep an eye on these two levels; if the previous high cannot be broken, there will definitely be a pullback!
The weekly level has been horizontal for so long. To break through, it must be accompanied by significant positive news to pull out a big bullish candle. Like last night, a big bullish candle broke through the top of the 4-hour horizontal area. Similarly, for the weekly level's horizontal area, the breaking force has to be very strong. If there are positive news, don't short at high positions; if you must, then do it with a small position!
Today's market analysis:
$BTC Bitcoin surged to the first resistance level and then started a minor retracement. Today pay attention to the 108600 position. As long as the 2-hour level does not break below this position during the pullback, even if there is a minor retracement, it will still go up. The resistance levels above to watch are around 109685-110490-111330!
If today the 2-hour level breaks below the 108500 position, then the 2-hour level will start to retrace. Pay attention to the support levels below around 107800-107190-106370!
$ETH Ethereum surged to the second resistance level and then started a minor retracement. Today pay attention to the 2548 position. As long as the 2-hour level does not break below this position during the pullback, even if there is a minor retracement, it will still go up. The resistance levels above to watch are around 2588-2607-2634!
If today the 2-hour level breaks below the 2548 position, then the 2-hour level will start to retrace. Pay attention to the support levels below around 2527-2502-2475!
$BNB BNB surged to the first resistance level and then started a minor retracement. Today pay attention to the 660 position. As long as the 2-hour level does not break below this position during the pullback, even if there is a minor retracement, it will still go up. The resistance levels above to watch are around 664-670-674!
If today the 2-hour level breaks below the 660 position, then the 2-hour level will start to retrace. Pay attention to the support levels below around 646.5-653.2-650!
SOL surged to the second resistance level and then started a minor retracement. Today pay attention to the 150 position. As long as the 2-hour level does not break below this position during the pullback, even if there is a minor retracement, it will still go up. The resistance levels above to watch are around 153.8-155.7-157.8!
If today the 2-hour level breaks below the 150 position, then the 2-hour level will start to retrace. Pay attention to the support levels below around 147.8-145.2-142.6!
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