Good afternoon, brothers. Yesterday's drop was the largest single-day drop in the past half month. Perhaps everyone forgot about the risks because of the previous days' pleasant gains. They didn't expect yesterday's cold water to wake everyone up completely. Last night's sharp drop was gut-wrenching.
The entire market is fluctuating up and down; there is no situation where it only rises without falling. The market has been rising for a month, and it should take a breather. If it keeps rising without a pullback, everyone will hesitate to enter. Even I, a long trader, didn't dare to jump in, only the brave new traders dared to take a chance!
The faster it rises, the more painful the fall. BNB is the best example; last night it broke the previous high and then dropped directly by 7 points, breaking all three support levels I provided. It has only just started to rebound. If the position was heavier, the price would return, but the position would be gone!
Speaking of BNB, I have to mention Ethereum. Last night it dropped to the second support level 3530. I mentioned in the live stream that this position could be a buy, with a minimum drop to 3526 and a rebound to 3664, making a profit of over 100 points—enough for you, right?
Today's market analysis:
$BTC Today, pay attention to the position 118550 for Bitcoin. A rebound can only begin if it stays above this position for 1-2 hours. The resistance levels to watch above are near 120130-120955-122033!
If the rebound today cannot stay above 118550, it indicates that the small-level rebound lacks strength, and it will continue to drop. The support levels to watch below are near 117272-115870-114730!
$ETH Today, pay attention to the position 3625 for Ethereum. A strong rebound can only occur if it stays above this position for 1-2 hours. The resistance levels to watch above are near 3677-3719-3760!
If the rebound at night cannot stay above 3625, it indicates that the small-level rebound lacks strength, and it will continue to drop. The support levels to watch below are near 3580-3530-3504!
$BNB Today, pay attention to the position 775 for BNB. A strong rebound can only occur if it stays above this position for 1-2 hours. The resistance levels to watch above are near 787-799-810!
If the rebound today cannot stay above 775, it indicates that the small-level rebound lacks strength, and it will continue to drop. The support levels to watch below are near 764-755-745!
Today, pay attention to the position 192 for SOL. A strong rebound can only occur if it stays above this position for 1-2 hours. The resistance levels to watch above are near 195-199-202!
If the rebound today cannot stay above 192, it indicates that the small-level rebound lacks strength, and it will continue to drop. The support levels to watch below are near 186-183-179!
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