Good afternoon, brothers. Last night the market pulled back a bit and then went back up. The market did not drop, and Ethereum/BNB/SOL all rebounded after hitting the first support level. If you are in profit, make sure to set a trailing stop.
Last night, I mentioned that if you really want to trade, do it around the top and bottom of the sideways area. Every time you hesitate to go long when there’s a downward spike, but during a major rebound, when it’s almost at the top of the sideways area, you come and ask if you can still get in on a long position. I truly have no words, it’s like my mom opened the door to my speechlessness—speechless all the way home!
The market is currently still in a high-level sideways trend on the daily chart, with wide fluctuations on the 4-hour level. Both low buys and high sells are feasible; just trade based on the pressure and support levels I provided. When trading in a sideways area, don't get too caught up in the big picture!
Today's market analysis:
$BTC For the market today, pay attention to the position of 94300. As long as the 4-hour level does not fall below this position, a small level pullback will also continue to rise. Pay attention to the pressure levels near 95780-96980-98500!
If the 4-hour level closes today and falls below the position of 94300, then the 4-hour level will start to pull back. Pay attention to the support levels near 93515-92700-91880!
$ETH For Ethereum today, pay attention to the position of 1795. As long as the 4-hour level does not fall below this position, a small level pullback will also continue to rise. Pay attention to the pressure levels near 1826-1856-1881!
If the 4-hour level closes today and falls below the position of 1795, then the 4-hour level will start to pull back. Pay attention to the support levels near 1781-767-1742-1721!
$BNB For BNB today, pay attention to the position of 603. As long as the 4-hour level does not fall below this position, a small level pullback will also continue to rise. Pay attention to the pressure levels near 609-614-620!
If the 4-hour level closes today and falls below the position of 603, then the 4-hour level will start to pull back. Pay attention to the support levels near 598-592.6-587.2!
For SOL today, pay attention to the position of 148.7. Only if the 4-hour level firmly stands above this position will the market continue to rise. Pay attention to the pressure levels near 153.2-157.3-159.4!
If the 4-hour level closes today and does not stay above the position of 148.7, then the 4-hour level will continue to pull back. Pay attention to the support levels near 145.3-142.6-140!
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