Today's Market Analysis
$BTC Bitcoin experienced a sharp drop to 100678 after reaching a peak yesterday, followed closely by altcoins that also plummeted. I previously reminded everyone that those who ran fast would have gains. There was a significant drop in the early hours yesterday, but the morning did not see much of a rebound and continued to dip down, indicating that there is still pressure above. Today, we should mainly focus on the resistance level of 104500. If the 4-hour line does not break above that, it shows that the bulls are weak. The main support below to watch is 105000; as long as it does not break below this level, it will still have a chance to rebound!
$ETH Ethereum remains the same, not showing a one-sided trend. It did not break below the support level of 2405 yesterday, but the rebound is still somewhat weak. Today, we should mainly pay attention to the resistance level of 2475. If it breaks through and the 4-hour line also stands above 2505, it will prove that this wave of decline and correction has ended. The main support below to watch is 2505; if it breaks below this, it will create a new low!
After a rise, there must be a fall! The liquidation intensity of long positions last night was quite high. Now the market has given you an opportunity to enter; it just depends on whether you dare to take it. Everyone should pay attention to tonight's CPI data, but it should still be analyzed in conjunction with the market situation. If you only trade based on news, you are not far from liquidation!
If you still don’t know how to enter on the right side! If you can’t understand the market, feel free to consult!
Today’s focus: FUN SYN OG
