Good afternoon, brothers. Last night's live stream specifically emphasized that risks arise from rises, while opportunities come from drops. Finally, a wave of decline came at night. Now that the shorts have cleared out most positions and everyone is starting to go long, the whale is now beginning to clear out the longs, and those heavily invested are in trouble!
Having risen so much, it now seems that the bullish trend is finally starting to weaken. Bitcoin is beginning to correct at the daily level, while Ethereum and BNB are starting to correct at the 4-hour level. Only SOL has started to catch up yesterday and has now reached the pressure range of 205-210 mentioned in last night's live stream. Corrections are normal; it can't keep going up forever. Corrections are just chances for the bulls to get on board. The overall direction remains bullish!
Bitcoin is currently in a consolidation phase at the daily level. It has been hovering in the consolidation area without dropping, so other coins have rallied. Focus on the bottom of the consolidation area at 1157; as long as it doesn't break down, it may still rebound. If it breaks this bottom at the daily level, then it will be in trouble. For deep pullbacks, first look for 114 to break before considering 109. If Bitcoin drops, can you guess if altcoins will follow down?
After hitting the first support level for Bitcoin last night, it began to rebound, bouncing back by 1000u from the first support level. Ethereum surged after the first support level was reached last night. The second support level can lead to two major waves. For BNB, the second support level at 760 rebounded to a maximum of 772, and after a solid pullback, it broke through the second resistance level. Just control your positions and set limit orders at the levels provided each day; the gains come right to your hands!
Today's market analysis:
$BTC Pay attention to the position of 117940 for Bitcoin today; only a stable rise above this position will have more strength. The resistance levels above are near 119500-120830-122030!
If today it cannot stay above the position of 117940, it indicates that the small-level rebound lacks strength, and it will continue to fall. Pay attention to the support levels below near 115855-114730-113578!
$ETH Pay attention to the position of 3760 for Ethereum today; only a stable rise above this position will have more strength. The resistance levels above are near 3800-3857-3900!
If today it cannot stay above the position of 3760, it indicates that the small-level rebound lacks strength, and it will continue to fall. Pay attention to the support levels below near 3693-3631-3585!
$BNB Pay attention to the position of 762 for BNB today; only a stable rise above this position will have more strength. The resistance levels above are near 767-775-782!
If today it cannot stay above the position of 762, it indicates that the small-level rebound lacks strength, and it will continue to fall. Pay attention to the support levels below near 753-745-738!
Pay attention to the position of 196 for SOL today; only a stable rise above this position will have more strength. The resistance levels above are near 200-202-204!
If today it cannot stay above the position of 196, it indicates that the small-level rebound lacks strength, and it will continue to fall. Pay attention to the support levels below near 193-189-185!
[Daily brings you the latest market analysis and precise price points, for reference only. Transaction fee discount code: BNB789]
