Good evening, brothers. Today, Bitcoin came back for a retracement, breaking through the first support level I provided during the day and then rebounding. Tonight, we will be looking at the position 93200 for Bitcoin. If it can close above this level at 12 o'clock on the 4-hour chart, it means that this wave of 4-hour correction has ended, and the upward target will be yesterday's previous high.
If the previous high cannot be broken, the small level will still retrace. If the 4-hour level cannot close above 93200, then it cannot break through. Pay attention to the secondary retracement to today's previous low. If it does not break, the small level will still rebound; if it breaks, it will show a downward trend!
Market analysis for tonight:
$BTC For Bitcoin tonight, pay attention to the position 93200. Only if it stabilizes above this position on the 4-hour level, can we consider this wave of correction to be over and the market will continue to rise. The upper resistance levels to pay attention to are around 94900-96230-97350!
If the 4-hour level cannot close above 93200 tonight, it can only indicate that this small level of rebound strength is quite strong. Pay attention to the support levels around 91880-90875-89720 for retracement!
$ETH Pay attention to the position 1776 for Ethereum tonight. Only if it stabilizes above this position on the 4-hour level, can we consider this wave of correction to be over and the market will continue to rise. The upper resistance levels to pay attention to are around 1805-1837-1866!
If the 4-hour level cannot close above 1776 tonight, it can only indicate that this small level of rebound strength is quite strong. Pay attention to the support levels around 1721-1695-1666 for retracement!
$BNB BNB is relatively weak today. It touched the second support level during the day and then started to rebound. Pay attention to the position 601.7 tonight. Only if it stabilizes above this position can the 2-hour level start to rebound. The upper resistance levels to pay attention to are around 607-614-620!
If the 2-hour level cannot go above 601.7 tonight, it indicates that the small level rebound lacks strength. Pay attention to the support levels around 594-587.2-581.5 for retracement!
SOL performed quite well today, breaking through the first support level and then rebounding, just touching the first resistance level before going down. Pay attention to the position 149 tonight. Only if it stabilizes above this position on the 4-hour level, can we consider this wave of correction to be over and the market will continue to rise. The upper resistance levels to pay attention to are around 151.3-154-156.5!
If the 4-hour level cannot close above 149 tonight, it can only indicate that this small level of rebound strength is quite strong. Pay attention to the support levels around 146.3-143.4-140 for retracement!
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