Good afternoon, brothers. This weekend is not peaceful. Bitcoin is still in a sideways range without much movement, while Ethereum is quietly making moves. Brothers who like to short are feeling down again. Ethereum has major resistance near 3745. Let’s see if your positions can withstand it; if not, make sure to set your stop losses!
I treat you all as treasures, but you treat me as a contrary indicator. I have long said that with expectations of interest rate cuts, there should be no thoughts of shorting. Focus on long positions during pullbacks. Many brothers just don’t listen, constantly shorting as if possessed by Sun Wukong. Even if you miss the spot market, you still keep shorting, and the only participation in this bull market is losing money!
This industry is not about who makes the most money, but about who lasts the longest. If we can't make every trade profitable, then we should trade with the trend!
It’s the weekend today, and there probably won't be much action during the day. Ethereum might have a slight pullback, so let’s wait for the evening to see if there will be a big move!
Today's market analysis:
$BTC For Bitcoin today, pay attention to the 118450 position. Only if the 1-2 hour level stabilizes above this position will the rebound strength be significant. Keep an eye on the resistance levels near 119523-120830-122030!
If the 1-2 hour level cannot stabilize above the 118450 position today, it indicates that this rebound lacks strength, and we can continue to decline. Pay attention to the support levels near 116790-115660-114730!
$ETH Pay attention to the 3630 position for Ethereum today. As long as the 1-2 hour level does not break this position during a pullback, all levels remain bullish, and we can continue to rise. Keep an eye on the resistance levels near 3696-3744-3776!
If the 1-2 hour level breaks below the 3630 position during a pullback today, it indicates that the 1-2 hour level has started to correct. Pay attention to the support levels near 3585-3530-3477!
$BNB For BNB today, pay attention to the 737 position. As long as the 1-2 hour level does not break this position during a pullback, all levels remain bullish, and we can continue to rise. Keep an eye on the resistance levels near 748-758-766!
If the 1-2 hour level breaks below the 737 position during a pullback today, it indicates that the 1-2 hour level has started to correct. Pay attention to the support levels near 726-719-712!
For SOL today, pay attention to the 177 position. As long as the 1-2 hour level does not break this position during a pullback, all levels remain bullish, and we can continue to rise. Keep an eye on the resistance levels near 179-182-185!
If the 1-2 hour level breaks below the 177 position during a pullback today, it indicates that the 1-2 hour level has started to correct. Pay attention to the support levels near 174-171-168!
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