Good afternoon, brothers. Waking up to a sea of green, doesn't this color look like the hat on your good brother's head? The bulls are all smiling, but the short-sellers are starting to complain again. Last night, Bitcoin surged to the first resistance level and then dropped. Ethereum is really too strong, hitting a new high again at night, which is a bit hard to accept.
If Ethereum is strong, then altcoins will follow, after all, it is the leader of altcoins. Basically, as long as Bitcoin doesn't drop too much, if Ethereum rises, then the altcoins will follow. Mainstream coins are the barometer. Brothers who like to play altcoins should focus on Bitcoin and Ethereum.
I have been emphasizing waiting for a correction to go long these past few days. Every live broadcast has a bunch of short-selling brothers getting trapped. Baby, going with the trend will make it easier. Of course, now that it's rising, I also don't recommend chasing it. After a pump, the small level will either consolidate or correct before going up with more strength. If there are no good positions, just wait!
Today's market analysis:
$BTC Bitcoin dropped after hitting the first resistance level at night. Currently, it is in a small correction. Today, pay attention to the 103180 position. As long as the 4-hour level does not fall below this position, the bulls remain strong. Continue to pay attention to the upper resistance levels around 104870-105860-107065!
If the 4-hour level breaks below the 103180 position today, then the 4-hour level will start to correct. Pay attention to the support levels around 102120-100700-99135!
$ETH Ethereum is currently in a correction at the 1-hour level. Today, pay attention to the 2612 position. As long as the 2-hour level does not fall below this position, it indicates that the bulls are still quite strong. Continue to pay attention to the upper resistance levels around 2691-2737-2768!
If the 2-hour level breaks below the 2612 position today, then the 2-hour level will start to correct. Pay attention to the support levels around 2555-2490-2420!
$BNB BNB dropped after hitting the second resistance level at night. Currently, it's in a small correction. Today, pay attention to the 658.2 position. As long as the 2-hour level does not fall below this position, it indicates that the bulls are still quite strong. Continue to pay attention to the upper resistance levels around 671.1-681.5-692!
If the 2-hour level breaks below the 658.2 position today, then the 2-hour level will start to correct. Pay attention to the support levels around 651-641-631.3!
SOL dropped after hitting the third resistance level at night. Currently, it's in a small correction. Today, pay attention to the 179 position. As long as the 2-hour level does not fall below this position, it indicates that the bulls are still quite strong. Continue to pay attention to the upper resistance levels around 184.8-189.6-193.7!
If the 2-hour level breaks below the 179 position today, then the 2-hour level will start to correct. Pay attention to the support levels around 176-710.7-166.1!
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