Good afternoon, brothers. A new week has begun. What happened last night? Ethereum reached a new all-time high while Bitcoin took a plunge, creating a stark contrast that left many brothers rolling their eyes!
Bitcoin's third support level given yesterday was 110520, with a minimum drop to 110484 overnight, an extreme dip error of over 30u. I apologize to everyone, I will try to control it better next time. I do not charge any fees, but my points should be more accurate than many who do charge. Brothers who caught the dip should manage their exits; I'm just here to remind you!
Bitcoin was too aggressive before and is now recovering. In contrast, other coins are reaching new highs. This week is crucial, coinciding with the end of the month as we approach the monthly close, where bulls and bears will compete for the closing position. This week's dividing line for Bitcoin is 113. If it breaks below this position, the weekly level will start to pull back.
The larger the level, the bigger the pullback. We should manage our positions well, in case the market takes a sudden dip, we can withstand it. Also, pay attention to the interest rate cut issue. Currently, everyone is anticipating a cut, but if there is no cut in September, then we might see the 10-995 range (psychological expectation). Whether it can reach this level is uncertain, but if it does, go all in.
The support and resistance levels at the weekly level will be given to brothers at 8:30 PM during the live broadcast, see you tonight~!
Today's Market Analysis:
$BTC Today, pay attention to the rebound of Bitcoin at 113640. Only if it stabilizes above this position does the 1-2 hour level start to rebound. Pay attention to resistance levels around 114600-115640-116500!
If the rebound cannot stand above 113640 today, it indicates that this wave of bottom rebound lacks strength, and it will drop again. Pay attention to support levels around 112000-110520-109040!
$ETH Today, pay attention to Ethereum at 4755. Only if it stabilizes above this position does the 4-hour level pullback count as over, and the market will continue to rise. Pay attention to resistance levels around 4815-4855-4888!
If it cannot stand above 4755 today, it indicates that the 4-hour level will continue to pull back. Pay attention to support levels around 4668-4614-4578!
$BNB BNB today pay attention to 871. As long as the 1-2 hour level does not break below this position, the 1-2 hour level is in a rebound trend. Pay attention to resistance levels around 881-887-894!
If the 1-2 hour level breaks below 871 today, then the rebound at the 1-2 hour level ends, and it will continue to drop. Pay attention to support levels around 861-854-843!
SOL today pay attention to 206. As long as the 1-2 hour level does not break below this position, all levels are still bullish, continuing to rise. Pay attention to resistance levels around 209-212-215!
If the 1-2 hour level breaks below 206 today, then the 1-hour level will start to pull back, pay attention to support levels around 203-200-198!
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