Brothers, a new week has started. Yesterday afternoon, I was tricked by the market, and today, as soon as I put on my pants, they don't recognize me anymore. The start of Monday is a slap on the face. However, from this morning until now, Bitcoin and BNB have only dropped 2-3 points, while Ethereum/SOL and most other altcoins have dropped over 5-6 points. No wonder the group members are in a frenzy. When going long, prioritize strong coins that resist drops; don't focus on weak coins. The soft ones are always picked first, and the unfortunate ones are targeted specifically. Everyone understands this logic, right?
Bitcoin is currently in the third wave of decline and has stabilized after such a significant drop. Let's observe the rebound this afternoon. Bitcoin's rebound looks at the vicinity of 1162, while Ethereum's rebound looks at the vicinity of 4400. If this rebound cannot break through this position, it indicates that the rebound lacks strength, either leading to sideways movement at the bottom or breaking the previous low, which will initiate the fourth wave of decline.
Every time Bitcoin breaks a historical high, it will pull back. Currently, this wave has dropped only 7 points from the peak of 1245 to the previous low of 1149. Previously, every pullback was at least 10 points or more of a significant drop, so don't worry about this slight drop. Prepare mentally for the next moves. Last Friday's live stream discussed several major support levels; for those who didn't remember, gather at the square tonight at 8:30!
As long as the expectations for interest rate cuts remain, there is no need to worry about Bitcoin's decline. Instead, it should be a time of excitement. Remember, opportunities arise from drops, and risks arise from rises. If it doesn't drop, how can we enter the market later? Of course, I'm only referring to Bitcoin and BNB, not including other altcoins. I am not responsible for coins I haven't mentioned!
Bitcoin weekly support levels: 114-112-1075 resistance levels: 1183-1195-1233
Ethereum weekly support level: 4180-4060-3870 resistance level: 4570-4670-4795
Today's market analysis:
$BTC Bitcoin's rebound today should pay attention to the position of 116240. Only if it stabilizes above this position for 1 hour can it start to rebound. The upper resistance levels to watch are around 117245-118250-119135!
If the rebound today does not stand above the position of 116800, it indicates that the rebound lacks strength. The next drop will first look at the previous low of 114950. If it breaks the lower support level, pay attention to the positions around 113900-112750-111860!
$ETH Ethereum's rebound today should pay attention to the position of 4400. Only if it stabilizes above this position for 1 hour can it start to rebound. The upper resistance levels to watch are around 4467-4521-4575!
If the rebound today does not stand above the position of 4400, it indicates that the rebound lacks strength. The next drop will first look at the previous low of 4278. If it breaks the lower support level, pay attention to the positions around 4220-4161-4110!
$BNB BNB's rebound today should pay attention to the position of 845. Only if it stabilizes above this position for 1 hour can it start to rebound. The upper resistance levels to watch are around 852-858-864!
If the rebound today does not stand above the position of 845, it indicates that the rebound lacks strength. The next drop will first look at the previous low of 831. If it breaks the lower support level, pay attention to the positions around 831-825-819!
SOL's rebound today should pay attention to the position of 186. Only if it stabilizes above this position for 1 hour can it start to rebound. The upper resistance levels to watch are around 190-193-195!
If the rebound today does not stand above the position of 186, it indicates that the rebound lacks strength. The next drop will first look at the previous low of 181. If it breaks the lower support level, pay attention to the positions around 177-173-170!
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