Happy weekend brothers! The Bitcoin price did not break through the previous high again last night. As mentioned last night, if it can't break the previous high, it’s a trap, so no one should have chased it. Currently, Bitcoin's 4-hour level has started to consolidate again. Today happens to be the weekend, so the market fluctuations should be small. You can trade around the top 95780 and bottom 94300 of the sideways range, but it’s best not to trade in the sideways range.
Last night, although Bitcoin broke through 949 in this upward wave, the upward momentum was insufficient, and it did not pull up much. Given the small fluctuations expected this weekend, next week’s weekly candle may close with a big bullish candle, so everyone should be aware that there might be a pullback next week. Those with long positions can reduce their positions, and those without positions can trade around the levels given during the day. Whether for long or short, as long as position sizes are controlled well and not greedy, profits can generally be made!
Market analysis for today:
$BTC For Bitcoin, pay attention to the position 94280 today (the bottom of the 4-hour sideways range). As long as the 4-hour level does not fall below this position, a small pullback will still continue to rise. The upper resistance levels to watch are near 95780-96980-98495!
If the 4-hour level closes below 94280 today, the 4-hour level will start to pull back, with support levels to watch near 93010-97880-90875!
$ETH Pay attention to the position 1782 for Ethereum today (the bottom of the 4-hour sideways range). As long as the 4-hour level does not fall below this position, a small pullback will still continue to rise. The upper resistance levels to watch are near 1815-1837-1866!
If the 4-hour level closes below 1782 today, the 4-hour level will start to pull back, with support levels to watch near 1755-1721-1695!
$BNB BNB started to consolidate again after breaking below the bottom of the 4-hour sideways range last night. Today, pay attention to the position 602. Only if the 4-hour level stabilizes above this position, can we say that this pullback on the 4-hour level is over, and the market will continue to rise, with upper resistance levels to watch near 607-614-620!
If the 4-hour level cannot stay above 602 today, the 4-hour level will continue to pull back, with support levels to watch near 596.7-592.6-587.2!
For SOL, pay attention to the position 152 today. Only if the 4-hour level stabilizes above this position can we say that this pullback on the 4-hour level is over, and the market will continue to rise, with upper resistance levels to watch near 154.8-157.3-159.4!
If the 4-hour level cannot stay above 152 today, the 4-hour level will continue to pull back, with support levels to watch near 148.8-145.1-142.6!
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