Good afternoon, brothers! A new week has begun. I played for a week last week, and Bitcoin also rose about 10 points to reach 120,000, with altcoins rising together—a carnival for the bulls. Now that it has risen to this position, I, as a bull, am also confused. I know Bitcoin will continue to rise, and 120,000 is not the top. However, it’s not my style to call everyone to enter at this price. Brothers trading contracts should not fomo into chasing; wait for a pullback to enter. When it was falling, I gave everyone faith. After this big surge, I have to start putting the brakes on for my brothers—don’t chase!
The recent surge in Bitcoin last week is the second wave at the weekly level. The first wave rose from 745 to 1119 and then pulled back to 981. The second wave is from 981 to now 120,000. Currently, the top of the second wave has not yet appeared, and the bullish momentum has not weakened. If we regard 120,000 as the top of the second wave, then the demand for a pullback after this wave of increase is at 1085. It’s hard to say whether it can pull back to this level, but there is a chance to reach this position. If the pullback does not break, it will continue to rise!
There is no only up without down, and no only down without up. Pay attention to the two support levels for Bitcoin's big surge last week: 114 and 1085. For Ethereum, the support levels below this week are 2770-2575, and the upward pressure levels to watch are 3330-3560. These positions are for reference only and are not a lifeline for those holding positions. Whether I can reach the given positions depends entirely on the market makers!
Today's market analysis:
$BTC Bitcoin is paying attention to the position of 119,000 today. As long as the 1-2 hour level pullback does not break this position, all levels are still bullish, and the upward level to watch is the previous high of 120,000; if it cannot break, it will still come down at smaller levels!
If today’s pullback breaks below 119,000, then the 1-2 hour level will begin to correct. The support levels below to watch are around 118,200-116,860-115,200!
$ETH Ethereum is paying attention to the position of 2982 today. As long as the 1-2 hour level pullback does not break this position, all levels are still bullish, and the upward pressure levels to watch are around 3040-3092-3128!
If today’s pullback breaks below 2982, then the 1-2 hour level will begin to correct. The support levels below to watch are around 2945-2913-2872!
$BNB BNB is paying attention to the position of 691 today. As long as the 1-2 hour level pullback does not break this position, all levels are still bullish, and the upward pressure levels to watch are around 697-705-714!
If today’s pullback breaks below 691, then the 1-2 hour level will begin to correct. The support levels below to watch are around 686-679-674!
SOL is paying attention to the position of 163 today. As long as the 1-2 hour level pullback does not break this position, all levels are still bullish, and the upward pressure points to watch are around 168-171-173!
If today’s pullback breaks below 163, then the 1-2 hour level will begin to correct. The support levels below to watch are around 160-157-155!
[Daily brings you the latest market analysis and precise entry points for reference only. Trading fee discount code: BNB789]
