Good evening, brothers. The market has been falling well, so why is it starting to rebound? It turns out this is a bottom rebound after the big whales were deliberately forced out. Mainly, after the big whale's long positions were exploded, the whale opened a long position on Bitcoin. The market maker is targeting the liquidation price to detonate. Next, let’s see if the market maker will pull it up again to explode the big whale's short positions!
This rebound is only a bit stronger for Bitcoin and Ethereum, especially since Ethereum has already touched the first resistance level. Whether it can go up again depends on whether the daily level top will break! Today, Bitcoin's first support and resistance levels have been reached, a day where both bulls and bears can profit. Ethereum's shorts only took a little profit; the fluctuations aren't big. Brothers, don’t be too ambitious when trading, just play it safe!
Night market analysis:
$BTC Pay attention to the 104655 position for Bitcoin during the night. Only if the 4-hour level stabilizes above this position can the smaller level start to rise and drive the 4-hour rebound. The upper resistance levels to watch are around 105810-106750-107740!
If the 4-hour level cannot stabilize above 104655 during the night, it indicates that the upward momentum of the smaller level is not strong, and we should continue to pay attention to the lower support levels around 103720-103030-102050!
$ETH Pay attention to the 2515 position for Ethereum during the night. Only if the 4-hour level stabilizes above this position can the smaller level start to rise and drive the 4-hour rebound. The upper resistance levels to watch are around 2550-2580-2620!
If the 4-hour level closes below 2515 during the night, it indicates that this small level of upward movement lacks strength, and we should continue to pay attention to the lower support levels around 2474-2438-2410!
$BNB Pay attention to the 655 position for BNB during the night. Only if the 4-hour level stabilizes above this position can the smaller level start to rise and drive the 4-hour rebound. The upper resistance levels to watch are around 661-666-672!
If the 4-hour level closes below 655 during the night, it indicates that this small level of upward movement lacks strength, and we should continue to pay attention to the lower support levels around 650-645-640!
Pay attention to the 155 position for SOL during the night. Only if the 4-hour level stabilizes above this position can the smaller level start to rise and drive the 4-hour rebound. The upper resistance levels to watch are around 158-161-165!
If the 4-hour level cannot stabilize above 155 during the night, it indicates that the upward movement of the smaller level is not strong, and we should continue to pay attention to the lower support levels around 150.5-147-145!
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