Good afternoon, brothers. I woke up to find the sky has fallen. Bitcoin broke below 11 this morning, and other altcoins are falling rapidly. Many brothers are probably scared by this drop. Don’t be afraid, brothers. Bitcoin has only dropped about 12 points from the top. Previously, there were days when it dropped 20-30 points. Compare that to this drop; isn’t it just a minor fluctuation?
When it was rising, everyone asked if they could enter the spot market. Now that it has dropped, are you afraid to catch it? Anyway, it hasn’t dropped to my psychological price level yet. I’ve already placed my spot orders for Bitcoin, waiting for you. Let’s do it together, family!
Bitcoin was previously in a weekly top consolidation. All funds have gone to other sectors for rotation. Now that Bitcoin is starting a weekly level pullback, it will be difficult for other coins to go against the trend and will only follow down. So for the brothers who are going long, let’s keep a low profile and speak softly. When we hit the right position, we should be ready to position ourselves. Otherwise, when it rises, you will be too timid to speak up!
Today's market analysis:
$BTC Bitcoin started to rebound after breaking the second support level at night. Today, pay attention to the position of 110540. Only if it firmly stands above this position for 1-2 hours can the rebound begin. Pay attention to the resistance levels near 111680-112570-113600!
If the rebound cannot stand above 110540, it indicates that the rebound lacks strength. Pay attention to the support levels near 108570-107440-106370 for the next decline!
$ETH Ethereum started to rebound after hitting several support levels at night. Today, pay attention to the position of 4450. Only if it firmly stands above this position for 1-2 hours can the rebound begin. Pay attention to the resistance levels near 4515-4590-4678!
If the rebound cannot stand above 4450, it indicates that the rebound lacks strength. Pay attention to the support levels near 4373-4310-4260 for the next decline!
$BNB BNB started to rebound after hitting the fourth support level at night. Today, pay attention to the position of 850. Only if it firmly stands above this position for 1-2 hours can the rebound begin. Pay attention to the resistance levels near 858-869-880!
If the rebound cannot stand above 850, it indicates that the rebound lacks strength. Pay attention to the support levels near 839-832-825 for the next decline!
SOL hit the third support level and began to consolidate at the bottom. Today, pay attention to the top and bottom of the consolidation zone. Only if it breaks above the top of the consolidation zone at 189 can it start to rebound. Pay attention to the resistance levels near 195-199-202!
If today breaks below the bottom of the consolidation zone at 185, continue to pay attention to the support levels near 180-176-173 for the next decline!
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