Good evening, brothers. I am very tired after a busy day today, and it happens to be the weekend. The market fluctuations are not very large, so I will share the market analysis with you in advance. You brothers must be tired from going out to play, so take a good rest after reading.
Bitcoin is currently in a bullish position above the daily chart level; it is only a 4-hour level pullback. Tonight, we will see the strength of the rebound. At the beginning of the month, there were many spikes, so brothers should pay attention. I discussed this logic in the afternoon market analysis.
I personally still hope to pull back a bit before charging up. Bitcoin has risen 30 points from this wave's bottom. Going up further, we are entering the previous horizontal range that lasted about 20 days on the daily chart. It didn't break out during that long period of consolidation, so whether it can break through this time is hard to say. Anyway, the next focus is on the expectations of interest rate cuts; we will see if this positive expectation can break through the top of this horizontal range.
Market analysis for tonight:
$BTC Bitcoin is currently in a pullback on the 4-hour level. Pay attention to the 96560 position tonight. Only if it stabilizes above this position on the 4-hour level can we consider this pullback over, and the market will continue to rise. The upper resistance levels to watch are around 97300-97865-98495!
If it cannot stand above 96560 on the 4-hour level tonight, it indicates that it still cannot rise and will continue to consolidate at the bottom. If it drops, pay attention to the support levels around 95800-94865-94110!
$ETH Ethereum is currently in a pullback on the 4-hour level. Pay attention to the 1835 position tonight. Only if it stabilizes above this position on the 4-hour level can we consider this pullback over, and the market will continue to rise. The upper resistance levels to watch are around 1854-1872-1903!
If it cannot stand above 1835 on the 4-hour level tonight, it indicates that it still cannot rise and will continue to consolidate at the bottom. If it drops, pay attention to the support levels around 1815-1792-1762!
$BNB BNB is currently rebounding on the 1-2 hour level. Pay attention to the 598.4 position tonight. Only if it stabilizes above this position on the 4-hour level can the 4-hour level start to rebound. The upper resistance levels to watch are around 601.4-605.5-610!
If it cannot stand above 598.4 on the 4-hour level tonight, it indicates that the small-level rebound lacks strength and will continue to consolidate at the bottom. If it drops, pay attention to the support levels around 595.2-591.3-587.2!
SOL is currently rebounding on the 1-2 hour level. Pay attention to the 149 position tonight. Only if it stabilizes above this position on the 4-hour level can the 4-hour level start to rebound. The upper resistance levels to watch are around 151.3-153.9-157.3!
If it cannot stand above 149 on the 4-hour level tonight, it indicates that the small-level rebound lacks strength and will continue to consolidate at the bottom. If it drops, pay attention to the support levels around 147-144.8-143!
[Daily brings you the latest market analysis and precise entry points, for reference only]
