Good afternoon, brothers. How it rose last night is how it falls back today. Last night's market analysis mentioned several coins that would only continue to rise after breaking the white line position. Bitcoin and SOL only briefly hit the white line position before dropping. After breaking the previous low, it just fell to the first support level, especially Bitcoin, which was only 20u away from the first support level. Sorry to disappoint everyone!
Currently, only Ethereum and BNB are relatively strong. Pay attention to the white line position today. As long as it does not break below the white line, the bullish trend remains. Bitcoin and SOL are currently in a 4-hour level correction. Pay attention to the white line position today; if it cannot stabilize above the white line, the 4-hour level will continue to correct. Just wait for the lower support levels!
Today's market analysis:
$BTC After hitting the first support level at night, Bitcoin begins to rebound. Pay attention to the position of 119255 today. Only if it stabilizes above this position will the 4-hour level correction be considered over, and the market will move upward. For upper resistance levels, pay attention to the positions around 120775-1222300-123300!
If the 4-hour level does not close above the position of 119255 today, it indicates that the market still cannot rise, and it will continue to test the lower support levels. Pay attention to the positions around 118050-117345-116440!
$ETH After hitting the first resistance level at night, Ethereum is now pulling back. Pay attention to the position around 4263 today. As long as it does not break below this position, all levels are still bullish, continuing to rise. For upper resistance levels, pay attention to the positions around 4350-4388-4424!
If it breaks below the position of 4263 today, the 1-2 hour level will begin to correct. For lower support levels, pay attention to the positions around 4220-4161-4110!
$BNB BNB has made a pullback at night and surged to the first resistance level this morning. Today, continue to pay attention to the position of 805. As long as it does not break below this position, all levels are still bullish, continuing to rise. For upper resistance levels, pay attention to the positions around 815-821-828!
If it breaks below the position of 805 today, the 1-2 hour level will begin to correct. For lower support levels, pay attention to the positions around 798-791-782!
After breaking the first support level at night, SOL begins to rebound. Pay attention to the position of 176 today. Only if it stabilizes above this position will the 1-hour level begin to rebound. For upper resistance levels, pay attention to the positions around 179-182-186!
If it cannot stabilize above the position of 176 during the rebound today, it indicates that the rebound lacks strength and will continue to decline. For lower support levels, pay attention to the positions around 173-170-167!
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