Good afternoon, brothers. Bitcoin experienced another spike this morning. Although it started to bounce back after breaking the second support level, the bottom of the daily horizontal zone has already been broken. Therefore, a correction at the daily level is about to begin. The larger the level, the greater the fluctuations during the correction. It's normal to have spikes like last night. After rising so much, everyone is used to it. When it spikes down, everyone begins to panic. The first time is quite painful, but it gets better after a few more times!
On Wednesday, I mentioned that Bitcoin's daily level is in a horizontal zone, which means it will spike up and down during the day. I also predicted that the weekly level will start to form a top horizontal zone. Now, I will predict that the bottom of the weekly horizontal zone will first look at the price range of 10 or 101 (it will be more accurate once the monthly level closes). The top will look at the previous high. As for how accurate it is, we will find out together; let’s witness this together. Anyway, Old Zhang is sharing this with you first!
A spike in Bitcoin is just a way to get the long positions on board, so don't be afraid. If it drops near the support level, cautiously enter a bit more. Don't hesitate to enter when it drops, and when it goes up, you rush in. If you're stuck, you come to my live stream treating me like a wishing well. I'm really having a hard time!
Today's market analysis:
$BTC Bitcoin started to rebound after breaking the second support level at night. Today's rebound focuses on the 606580 position. Only if the rebound stabilizes above this position on the 1-2 hour level can it start to rebound. The upper resistance levels to watch are near 107740-108850-109825!
If today's rebound does not stabilize above 106580, it indicates that the small-level rebound lacks strength, and it will continue to decline. Pay attention to the support levels near 104530-102640-101553!
$ETH Ethereum started to rebound after breaking the second support level at night. Today's rebound focuses on the 2635 position. Only if the rebound stabilizes above this position on the 1-hour level can it start to rebound. The upper resistance levels to watch are near 2673-2705-2735!
If today's rebound does not stabilize above 2635, it indicates that the small-level rebound lacks strength, and it will continue to decline. Pay attention to the support levels near 2595-2556-2508!
$BNB BNB started to rebound after breaking the third support level at night. Today's rebound focuses on the 674 position. Only if the rebound stabilizes above this position on the 1-hour level can it start to rebound. The upper resistance levels to watch are near 678-685-690!
If today's rebound does not stabilize above 674, it indicates that the small-level rebound lacks strength, and it will continue to decline. Pay attention to the support levels near 670-665-960!
SOL just hit the third support level at night and started to rebound. Today's rebound focuses on the 166 position. Only if the rebound stabilizes above this position on the 1-hour level can it start to rebound. The upper resistance levels to watch are near 169-173-175!
If today's rebound does not stabilize above 166, it indicates that the small-level rebound lacks strength, and it will continue to decline. Pay attention to the support levels near 160-155-150!
[Daily brings you the latest market analysis and precise spike points for your reference. Transaction fee discount code: X0B9EVB1]
