Good afternoon, brothers. The first half of the month has been a continuous rise, and yesterday finally saw a big drop. This downturn has left many people crying out. A rise of 10 points in a day caused many brothers to lose money, yet on a day when it drops 5 points, the same group is still losing money. The reason for losing money is simple: the position is too heavy!

Brothers, don't panic. As we get closer to interest rate cuts, if everyone holds on and doesn't sell, it won't fall. To drop, it can only be combined with negative news and then trigger a wave of buying. A decline is an opportunity; down = dad! Bitcoin has risen 11 points this time, which you can accept, but when it hits a new high and then drops 5 points, you can't accept it? Ups and downs are what financial markets are about; only rising without falling is called a capital pool!

This drop is purely due to negative news. Next, look at yesterday's previous low. As long as we don't break below the small level, we will consolidate at the bottom. The longer it consolidates, the higher the chance of rising. If we break below yesterday's previous low, we will have to continue to retest. There are opportunities for long positions near 116-114-111, regardless of whether it can drop; the mindset remains to go long at lower prices!

Last night, several coins did not stabilize above the white line; some didn't even reach the white line, indicating a weak rebound. During the night, they also dipped to the second or third support levels before starting to rebound. Those who placed orders at the second or third positions should manage their stop losses or take profits. Today, continue to watch for a rebound. If Bitcoin can rise above 1205, then this pullback will end!

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Today's market analysis:

$BTC Today, pay attention to the position of 118260 for Bitcoin. As long as it doesn't break below this position, the 1-2 hour level will still rebound. First, look at the high point of last night's rebound at 119315; only by breaking through this position will it continue to rise. Further resistance levels are 120485-122150-123395!

If the 1-2 hour level breaks below 118260 today, then this bottom rebound will end, and continue to look for support levels near 117010-115850-114500!

$ETH Today, pay attention to the position of 4565 for Ethereum. As long as it doesn't break below this position, the 1-2 hour level will still rebound. Look for resistance levels near 4646-4702-4766!

If the 1-2 hour level breaks below 4565 today, then this bottom rebound will end, and continue to look for support levels near 4505-4452-4405!

$BNB Today, pay attention to the position of 849 for BNB. Only if it stabilizes above this position will the 4-hour level pullback end. Resistance levels to watch are near 860-870!

If the 4-hour level cannot stand above 849 today, it indicates that the market still cannot rise. Continue to look for support levels near 839-830-821!

Today, pay attention to the position of 192 for SOL. As long as it doesn't break below this position, the 1-hour level will still rebound. First, look at the high point of last night's rebound at 195; only by breaking through this position will it continue to rise. Further resistance levels are 199-203-206!

If the 1-hour level breaks below 192.8 today, then this bottom rebound will end, and continue to look for support levels near 190-186-182!

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