Good morning, brothers. After waking up, the bulls are feeling it again, but it's the short-sellers who are struggling. Every time there is a big surge, there are always brothers trying to push the price down with a few tens of thousands of USDT. However, the uptrend is not over, and a small pullback on smaller timeframes will lead to further increases. The overall trend is still bullish; it's better to go long at lower prices than to short at high prices. Even if you can hold back with a long position, trying to hold a short can be risky. Early short positions have already faced significant losses multiple times!
This is why I always tell everyone to go long at lower prices, because the bull market is still here, and the price will eventually go back up. You can take short positions on smaller timeframes, but you need to keep an eye on them. The space is inherently small, and if you’re not careful, profits can quickly turn into losses!
Bitcoin's recent surge was discussed on Monday; if the daily level stabilizes above 105 this week, it will start to move upwards. Following the explosive growth of the daily level the day before yesterday, the daily level will begin to consolidate at the top, and funds will be diverted to other coins. For example, Ethereum, which is very strong, clearly shows that there is funding getting involved. After all, with Bitcoin being so high, there is not much profit left to pull it up, but if Ethereum reaches its previous high, the profit is still quite considerable.
As long as Bitcoin does not deeply retrace, other coins still have opportunities. Even if Bitcoin retraces, the focus is still on going long. However, I really can't bring myself to go long at the 110,000 price level, as the price is at the top range of the weekly level; I have a fear of heights!
Today's market analysis:
$BTC Bitcoin's overnight fluctuation is not large; currently, the 4-hour level is consolidating at the top with smaller timeframes making adjustments. Today, pay attention to 109415; as long as the 1-2 hour level does not break below this level, the smaller timeframe is still bullish, continuing to rise. Pay attention to the resistance levels around 110650-111330-111960!
If today the 1-2 hour level breaks below 109415, then the 1-2 hour level will start to pull back. Pay attention to the support levels around 108270-106800-105260!
$ETH Ethereum dipped near the third resistance level at night and then started to pull back. Today, pay attention to 2775; as long as the 1-2 hour level does not break below this level, the smaller timeframe is still bullish, continuing to rise. Pay attention to the resistance levels around 2834-2861-2890!
If today the 1-2 hour level breaks below 2775, then the 1-2 hour level will start to pull back. Pay attention to the support levels around 2730-2688-2655!
$BNB After BNB dipped to the second resistance level at night, it started to pull back. Today, pay attention to 668; as long as the 1-2 hour level does not break below this level, the smaller timeframe is still bullish, continuing to rise. Pay attention to the resistance levels around 674.4-679.4-685.5!
If today the 1-2 hour level breaks below 668, then the 1-2 hour level will start to pull back. Pay attention to the support levels around 663.4-657.8-652.4!
After SOL broke the second resistance level at night, it started to consolidate at the top on a smaller timeframe. Today, pay attention to 162.7; as long as the 1-2 hour level does not break below this level, the smaller timeframe is still bullish, continuing to rise. Pay attention to the resistance levels around 165.8-169.6-173.6!
If today the 1-2 hour level breaks below 162.7, then the 1-2 hour level will start to pull back. Pay attention to the support levels around 160-156.2-153!
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