Today is the weekend, have a great weekend everyone.
Bitcoin has been experiencing chaotic fluctuations recently, influenced by various news, with dramatic rises and falls, making it quite difficult to trade. In this situation, everyone should try to reduce their positions and lower risks. Never let one or a few trades lead to total loss; only by surviving in the market can you have the opportunity to make money!
Market Analysis:
$BTC Bitcoin experienced a drop yesterday, followed by a rebound in the evening. The current price is around 83,500. During the day, focus on the support around 82,800. If this position is not broken, it will continue to rise. If there is a small-level pullback to around 82,800 and stabilizes, you can enter for a long position. The upper resistance levels are around 84,500 - 86,000 - 88,500!
If it breaks below the 82,800 level, it is very likely to retest the previous low. Focus on the support around 81,500 - 81,200!
$ETH During the day, focus on the key resistance level of 1,820. If this position is broken, there may be a 4-hour level rebound. The upper resistance levels are around 1,850 - 1,920!
If there is no breakthrough for a long time, it may continue to fluctuate and retest the lower support. Pay attention to the two key levels of 1,780 - 1,760!
$SOL During the day, focus on the key level of 122. As long as it breaks through, the market will continue to rise, with resistance levels around 124 - 131!
If there is no direct breakthrough, there will first be a pullback. Focus on the lower support levels, the key positions of 117 - 113 - 110!
$XRP During the day, pay attention to whether the resistance level of 2.16 can be broken. If broken, it is expected to test the resistance level of 2.2. The 4-hour bullish-bearish dividing line is at this level. If it can successfully stay above 2.2 for 4 hours, there is hope for a significant increase, with upper resistance levels around 2.36 - 2.47!
The short-term support is near 2.11. If this position is broken, it is likely to test the lower support levels, with support at around 2.04 - 1.95!
[Personal opinion, for reference only!]
