Good afternoon, brothers. Bitcoin retraced to the first support level last night and then surged to 88850. If you went long at the support level, look to take profit or reduce your position at the resistance level. I have mentioned the opportunity for short positions at the 885 level during every live stream before; this position has been profitable twice, so manage your profits and don’t let them turn into losses!
What kind of karma did I accumulate in my past life to buy Ethereum in this wave? This soft Ethereum has really dropped more than several other coins. Last night, it fell all the way down to the fourth support level near 1538. Shorting Ethereum at high positions, saying that exchanges are your ATM is not wrong, right!
Last year, I advised everyone not to play with Ethereum and altcoins, shorting them at high positions. This should be one of the best decisions I've made. Initially burdened with criticism, I now feel vindicated. Old Zhang has really had a tough time. Although how much you earn has nothing to do with me, I truly hope everyone can make money in this industry and work together to empower and do more meaningful things!
Today's market analysis:
$BTC Bitcoin today, pay attention to the 87450 position. As long as it does not fall below this position, the market will continue to rise. The upper resistance levels to watch are near 88850-89850-91250!
If today it retraces and falls below the 87450 position, the 1-hour level will start to adjust. The lower support levels to watch are near 86600-85700-84720!
$ETH Today, pay attention to the 1597 position for Ethereum. Only if the 2-4 hour closing price stands firmly above this position will the 2-4 hour level begin to rebound. The upper resistance levels to watch are near 1624-1658-1690!
If the 2-4 hour level cannot stand above the 1597 position today, it indicates that the market cannot go up and will continue to consolidate at the bottom or fall. The lower support levels to watch are near 1560-1535-1504!
$BNB BNB today, pay attention to the 598 position. As long as it does not fall below this position, the market will continue to rise. The upper resistance levels to watch are near 602.4-605-608.5!
If today it retraces and falls below the 598 position, the 1-hour level will start to adjust. The lower support levels to watch are near 594.4-590.3-587.2!
SOL today, pay attention to the 138 position. As long as the 2-4 hour retracement does not fall below this position, the market will continue to rise. The upper resistance levels to watch are near 141.8-144.5-147.4!
If today it retraces and falls below the 138 position, the 2-4 hour level will start to adjust. The lower support levels to watch are near 135.5-132.7-129.5!
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