Today's Market Analysis

The weekend generally doesn't see much fluctuation in the market. The price spikes over the past two days have liquidated most leveraged positions and bottom support orders. The two significant price spikes yesterday were reminders from the market makers that the bull market has not yet arrived; don't be misled by false impressions. The overall trend is still a pullback with a bullish outlook, but the requirements for entry points are relatively high.

The main cryptocurrency has been oscillating between 102700 and 103500 after spiking and then retreating last night. It is important to note that we are currently in a high-level consolidation without further breakthroughs, indicating a decrease in trading volume. Without significant positive news, it will be difficult to break upward.

Altcoins may experience varying degrees of rebound due to the main cryptocurrency's high-level consolidation, but if the main cryptocurrency suddenly retraces to lower support, it will test everyone's speed in trading.

From the 4-hour chart, the upper support is at 104500, and the lower support is at 102306.

Yesterday, Ethereum had two price spikes: the first was 200 points, and the second was nearly 100 points. Regardless of the market conditions and technical analysis, this type of market controlled by the whales is not advisable for blind trading.

It is important to note that the upper resistance is at 2390, while the lower support is at 2270. As long as it does not break below, it is still recommended to look for buying opportunities on pullbacks. Manage your entry points well, and if you are unsure, come find me.

Focus for the day: 1000CAT MUBARAK XAI