Good afternoon, brothers. It’s coming down, it’s coming down. The market has finally come down. Yesterday's analysis in the afternoon and evening warned about the risk of retracement, especially the obvious reminder last night. So it’s expected that it’s coming down today. Old Zhang's overall direction is still valid. If you are still immersed in your FOMO emotions, it indicates that your DNA is filled with gambling tendencies. Don’t be misled by your subjective consciousness; otherwise, it will be hard to trade well!

This wave of weekly level rise has finally ended. Bitcoin has risen 25 points in this wave, and the first support level for a deep retracement is around 1105. Currently, it is a 4-hour level retracement. When Bitcoin deeply retraces, altcoins are doomed. It has only risen for a few days, and now it’s back to square one without recovering costs and profits!

Through these waves of big ups and downs, I believe you brothers have felt it. In the crypto world, there are only Bitcoin and altcoins. Bitcoin will not stop rising just because you don't buy it; it keeps creating new highs simply because you can't afford it. So, as I said, stop playing with altcoins. Since you bought into altcoins, be prepared to break even (those who can run fast can skip this).

I will return to Xiamen this afternoon, starting a live stream at 8:30 PM. I have been out for nearly 10 days, so it’s time to work hard for you brothers. See you in the square tonight!

Today's market analysis:

$BTC After Bitcoin broke below the white line position last night, it has not gone up again. Currently, it is starting to retrace at the 4-hour level. Today, pay attention to the position of 119850; only if the 4-hour level stabilizes above this position will the retracement end and the market can continue to rise. The upper resistance levels to watch are around 121570-123290!

If the 4-hour level does not close above 119850 today, it indicates that the market still cannot rise, and the downward support levels to watch are around 116860-115200-113510!

$ETH Ethereum just broke below the second support level and started to rebound. Currently, it is retracing at the 4-hour level. Pay attention to the position of 3000 today; only if the 4-hour level stabilizes above this position will the retracement end and the market can continue to rise. The upper resistance levels to watch are around 3047-3082-3122!

If the 4-hour level does not close above 3000 today, it indicates that the market still cannot rise, and the downward support levels to watch are around 2913-2872-2836!

$BNB BNB just hit this position of 674 perfectly; this position is a daily level support and resistance price for today. If it breaks down, the daily level will start to retrace. Currently, it is retracing at the 4-hour level. Pay attention to the position of 692 today; only if the 4-hour level stabilizes above this position will the retracement end and the market can continue to rise. The upper resistance levels to watch are around 700-708-714!

If the 4-hour level does not close above 692 today, it indicates that the market still cannot rise, and the downward support levels to watch are around 674-667-662!

SOL is currently retracing at the 4-hour level. Pay attention to the position of 162 today; only if the 4-hour level stabilizes above this position will the retracement end and the market can continue to rise. The upper resistance levels to watch are around 166-169-172!

If the 4-hour level does not close above 162 today, it indicates that the market still cannot rise, and the downward support levels to watch are around 158-155-152!

[Bringing you the latest market analysis and precise price points daily for reference only, commission discount code: BNB789]