Good evening, brothers. Today is the weekend, and Bitcoin has been declining all the way, while the other coins have not seen much fluctuation. Both Ethereum and BNB hit their first support levels. The weekend has little volatility, and the profit in small-level swing intervals is not very big. If you cannot resist trading, then do not think too much; if you don’t want to trade, just rest well. The whales were tired from last night’s manipulation, and today they need to rest, not to mention us retail investors!
Night market analysis:
$BTC For Bitcoin, pay attention to the 114660 level during the night. If it closes below this level on the 4-hour chart, it means this round of 4-hour rebound has ended and it will continue to decline. The support levels below to watch are around 113000-111630-110520!
As long as the 4-hour close does not drop below the 114660 level, even a small pullback will still go up. The resistance levels above to watch are around 116000-117400-118560!
$ETH Ethereum started to rebound right after hitting the first support level given during the day. Currently, it is in a consolidation phase on the 4-hour chart. During the night, pay attention to the upper limit of the consolidation area at 4765; only if it stands above this level will it continue to rise. The resistance levels above to watch are around 4792-4830-4858!
If it cannot break through the top of the consolidation area during the night, then watch the bottom of the consolidation area at 4690. If it does not drop below this, it will continue to consolidate. If it drops, the support levels below to watch are around 4663-4640-4610!
$BNB For BNB, pay attention to the 893 level during the night. Only if it stabilizes above this level on the 1-2 hour chart will this pullback be considered over, and then it will go up. The previous high of 901 is the level to look at above.
If it cannot stand above the 893 level during the night, then the market will not rise, and it will continue to pull back to the support levels below around 883-876-864!
For SOL, pay attention to the 202 level during the night. As long as it does not drop below this level on the 1-2 hour chart, the market will continue to rise. The resistance levels above to watch are around 205-208-212!
If it pulls back and drops below the 202 level during the night, then the 1-2 hour chart will start to correct. The support levels below to watch are around 198-195-190!
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