It's a disaster, brothers. The market rebounded a bit at night and then fell again, not lasting at all. Next, we will see if the rebound after this wave of decline has strength. If it cannot rebound and pull back, we will see if this previous low will break strongly. If it breaks, then it's over, the fourth wave of decline begins. Are you scared, brothers!
Currently, among several coins, BNB is relatively strong, having broken through the second resistance level at night. Ethereum and SOL have not shown a decent rebound after breaking the previous lows, so brothers looking to go long should act cautiously. If the fourth wave of decline begins, consider going long in the range of 1118-1125 for Bitcoin, and watch for long opportunities near the two major support levels of 4161 and 4075 for Ethereum!
Today's market analysis:
$BTC For Bitcoin, pay attention to the position of 115670 for today's rebound. Only if it stabilizes above this position for 1-2 hours can the rebound begin. The upper resistance levels to watch are around 116800-117880-118560!
If today's rebound does not stand above the position of 115670, it indicates that the rebound lacks strength. If it falls again, first look at the previous low of 114310. If the lower support level is broken, pay attention to the positions around 112750-111860-111100!
$ETH For Ethereum, pay attention to the position of 4285 for today's rebound. Only if it stabilizes above this position for 1 hour level can the rebound begin. The upper resistance levels to watch are around 4345-4400-4467!
If today's rebound does not stand above the position of 4285, it indicates that the rebound lacks strength. If it falls again, pay attention to the support levels around 4191-4161-4110-4060!
$BNB For BNB today, pay attention to the position of 840. As long as it does not break this position during a 1-2 hour pullback, even a small pullback will still lead to an upward movement. The upper resistance levels to watch are around 852-858-864!
If today's price breaks below the position of 840, it indicates that the rebound lacks strength. If it falls again, pay attention to the support levels around 832-825-819!
For SOL, pay attention to the position of 182 for today's rebound. Only if it stabilizes above this position for 1 hour level can the rebound begin. The upper resistance levels to watch are around 185-190-193!
If today's rebound does not stand above the position of 182, it indicates that the rebound lacks strength. If it falls again, first look at the previous low of 177. If the lower support level is broken, pay attention to the positions around 173-170-167!
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