Good afternoon, everyone. Sorry for being late, I drank too much last night, truly sorry and I apologize to everyone. Today is one of the most unforgettable days in the crypto world for me. On this day in 2021, Bitcoin dropped from 43,000 to 28,000, a single-day plunge of over 30%. That was also the first time I got liquidated for over 200,000, and I really remember it vividly!
Bitcoin mentioned yesterday that the daily level is forming a triangle and needs to gather strength to break out in one direction. This morning it directly broke through the previous high to 107 but then was smashed down. The position 107 was mentioned before; after all, Bitcoin doesn't have many pressure levels above, just reaching the previous high. This surge indicates that the whales want to push it up, but the selling pressure is still relatively strong, and everyone is not following. If it can't go up, then be careful as it might continue to pull back. When I say pull back, I don't mean to short but to go long at the bottom of a larger level!
Live stream at 8:30 PM on Binance Square, brothers remember to come and support!
Today's market analysis:
$BTC Bitcoin pay attention to this position 103750 today. Only if the 4-hour level stands firm above this position can this 4-hour level correction end and the market continue to rise. The upper pressure levels to note are around 104940-105860-107100!
If the 4-hour level cannot stand above this position 103750 today, it indicates that the rebound at the lower level lacks strength. Continue to watch the lower support levels around 101710-100670-99400!
$ETH Ethereum pay attention to this position 2410 today. Only if it stands firm above this position on a 1-hour level can it start to rebound. The upper pressure levels to note are around 2448-2495-2535!
If the 1-hour level closes below this position 2410 today, it indicates that the rebound at the lower level lacks strength. Continue to watch the lower support levels around 2361-2315-2270!
$BNB BNB pay attention to this position 642.8 today. Only if it stands firm above this position on a 1-2 hour level can it start to rebound. The upper pressure levels to note are around 648.3-654.7-660.4!
If the 1-2 hour level cannot stand above this position 642.8 today, it indicates that the rebound at the lower level lacks strength. Continue to watch the lower support levels around 635.4-631.4-627.5!
SOL pay attention to this position 164 today. Only if it stands firm above this position on a 1-hour level can it start to rebound. The upper pressure levels to note are around 168.8-174-178.3!
If the 1-hour level cannot stand above this position 164 today, it indicates that the rebound at the lower level lacks strength. Continue to watch the lower support levels around 159.2-155.8-150.8!
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