Good afternoon, brothers. A new week has begun, and Bitcoin's seven consecutive up days have finally ended. This wave of 745 has risen exactly 50%. Now the weekly level is starting to touch the top and retreat. As for whether the weekly level will form a sideways area at the top, this week’s pullback will look at the positions of 103-102-1006. For the top, watch 1107-1119. As long as the weekly level doesn’t break below the bottom or can’t break above the top, it will form a sideways area. If a sideways area forms, it won’t move out of a large direction quickly in a short time. Trading can be done around the top and bottom of the sideways area!
If the weekly level is sideways, then the daily level, my brothers understand, will fluctuate around 10,000 US dollars up and down. Both high short and low long can be considered, but Old Zhang still suggests focusing on low longs and supplementing with high shorts. As long as the expectation of interest rate cuts is still there this year, 1119 is definitely not the high point of this round. What if it breaks below the weekly level bottom? The major support levels below were discussed in yesterday's noon market analysis, feel free to look it up. A sharp spike is an opportunity, and a prolonged decline requires caution!
The price of Bitcoin has broken new highs, but many brothers' account assets are continuously shrinking. At this time, it’s essential to reflect and summarize your trading discipline and strategies. Where are the children crying every day? Where are the gamblers losing every day? Continuously improving your trading plan is the key to surviving better in this market!
Today's market analysis:
$BTC For Bitcoin today, pay attention to the position of 104655. As long as the 4-hour level stabilizes above this position, the small level will begin to rise, driving the 4-hour level rebound. The upper resistance levels to watch are around 105800-106750-107740!
If the 4-hour level breaks below the position of 104655 today, then this wave of 4-hour level rebound will fail, continuing to fall. The lower support levels to watch are around 103720-103030-102050!
$ETH Ethereum today pay attention to the position of 2515. Only if it stabilizes above this position will the 2-4 hour level begin to rebound. The upper resistance levels to watch are around 2550-2580-2620!
If the 2-4 hour level closes below the position of 2515 today, it indicates that this rebound lacks strength, continuing to fall. The lower support levels to watch are around 2465-2438-2410!
$BNB BNB today pay attention to the position of 655. As long as the 4-hour level stabilizes above this position, the small level will begin to rise, driving the 4-hour level rebound. The upper resistance levels to watch are around 661-666-672!
If the 4-hour level closes below the position of 655 today, then this wave of 4-hour level rebound will fail, continuing to fall. The lower support levels to watch are around 650-645-640!
SOL today pay attention to the position of 155. As long as the 4-hour level stabilizes above this position, the small level will begin to rise, driving the 4-hour level rebound. The upper resistance levels to watch are around 158-161-165!
If the 4-hour level closes below the position of 155 today, then this wave of 4-hour level rebound will fail, continuing to fall. The lower support levels to watch are around 150-147-145!
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