Good evening, brothers. The market has finally started to prepare for a correction after continuously rising for twelve days. Bitcoin has been continuously breaking new highs, and even people who usually wouldn't ask me are inquiring if they can still buy Bitcoin. Every time new retail investors FOMO into the market, they ultimately provide liquidity to the market. Once you enter the cryptocurrency world, it's deep as the ocean, and the path to recover your cost is far away!
This wave of significant rise has basically exhausted the short positions. Whether the longs will be squeezed next is hard to say; the cryptocurrency market reverses too quickly. Whether it can drop depends on the mood of the market makers. Be psychologically prepared to be caught off guard at any time, don't chase the longs, just wait for the support levels to enter long positions!
Today during the day, the price has been in a high-level consolidation. Let's see if the market makers will do something tonight. If not, then enjoy the weekend. Those who previously shorted can pick up their electric bikes and go deliver food, or of course, you can go with Old Zhang to find Aunt Wang!
Night market analysis:
$BTC For Bitcoin, pay attention to the level of 119550 tonight. If it doesn't rebound above this level for 1-2 hours, it indicates that the small-level rebound lacks strength. Continue to pay attention to the support levels around 117255-116060-114730!
At night, only if the price stabilizes above 119550 for 1-2 hours will it continue to rise. Pay attention to the resistance levels around 120830-122030-123300!
$ETH For Ethereum, pay attention to the level of 3575 tonight. If it doesn't rebound above this level for 1-2 hours, it indicates that the small-level rebound lacks strength. Continue to pay attention to the support levels around 3525-3477-3420!
At night, only if the price stabilizes above 3575 for 1-2 hours will it continue to rise. Pay attention to the resistance levels around 3620-3670-3702!
$BNB For BNB, pay attention to the level of 735 tonight. If it doesn't stay above this level for 1-2 hours, it indicates that the small-level rebound lacks strength. Continue to pay attention to the support levels around 728-720-714!
At night, only if the price stabilizes above 735 for 1-2 hours will it continue to rise. Pay attention to the resistance levels around 748-758-766!
For SOL, pay attention to the level of 175 tonight. If it doesn't stay above this level for 4 hours, it indicates that the small-level rebound lacks strength. Continue to pay attention to the support levels around 171-168-165!
At night, only if the price stabilizes above 175 for 4 hours will the small-level pullback still continue to rise. Pay attention to the resistance levels around 181-184-187!
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