Good afternoon, brothers. Yesterday, Bitcoin reached a new all-time high again. I believe everyone made a lot of money. In this bull market, only Bitcoin is racing ahead, and other coins can't catch up even if they floor the gas pedal. I believe everyone knows which coins I'm talking about!
After a rise yesterday, Bitcoin started to consolidate at the top at the 4-hour level, which means this rise has temporarily ended. I estimate that the market will not be big today on the weekend; just pay attention to the top and bottom of the 4-hour consolidation area. If it breaks the bottom, it will continue to pull back. Only a breakthrough of the top will push it further up. If the top and bottom do not break, it will continue to consolidate. For those who like to do short trades, it's fine to operate around the tops and bottoms!
Today's market analysis:
$BTC Today, pay attention to the position of 117750 for Bitcoin. Only if the price stays above this position will it move towards the top of the consolidation area at 118880 (previous high). If it cannot break through, it will still pull back!
If it cannot stand on the position of 117750 today, it means the price is still unable to rise. Pay attention to the bottom of the consolidation area at 116630. If it does not break through the small level, it will still bounce back. If it breaks, pay attention to the nearby support levels of 115200-112950-110550!
The Ethereum whale doesn't give face. The third resistance level given at noon yesterday was 3044, and the highest it reached yesterday afternoon was 3040, just 4u away.
Today pay attention to the position of 2971. Only if the price stays above this position will it move towards the top of the consolidation area at 3007. If it cannot break through, it will still pull back. If it breaks through the upper resistance level, pay attention to the nearby positions of 3040-3092-3128!
If it cannot stand on the position of 2971 today, it means the price is still unable to rise. Pay attention to the bottom of the consolidation area at 2920. If it does not break through the small level, it will still bounce back. If it breaks, pay attention to the nearby support levels of 2880-2836-2795!
The BNB whale also does not give face. The second resistance level given at noon yesterday was 698, and the highest it reached yesterday afternoon was 697, just 1u away.
Today pay attention to the position of 691. Only if the price stays above this position will it move towards the top of the consolidation area at 697. If it cannot break through, it will still pull back. If it breaks through the upper resistance level, pay attention to the nearby positions of 707-714-721!
If it cannot stand on the position of 671 today, it means the price is still unable to rise. Pay attention to the bottom of the consolidation area at 684. If it does not break through the small level, it will still bounce back. If it breaks, pay attention to the nearby support levels of 678-672-667!
The SOL whale is quite generous. The second resistance level given at noon yesterday was 168, and it precisely reached 168 last night!
Today pay attention to the position of 162. As long as the 4-hour level does not break below this position, a small level pullback will still lead to an upward movement. Pay attention to the nearby resistance levels of 165-168-171!
If the 4-hour level breaks below 162 today, the 4-hour level will start to adjust. Pay attention to the nearby support levels of 159-156-152!
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