Good evening, brothers. Bitcoin and Ethereum have been declining all day today with small steps. After a spike last night, it has continuously formed 5 bearish candles on the 4-hour chart. It just broke the first support level and began to rebound. There hasn’t been a continuous uptrend or downtrend in the candles. If you chased the rise last night and shorted just now, you might be trapped again. That's why I always say, either short at the top of the rise or wait to go long near the support levels!
Finally, there was a small rebound at night. Brothers who went long might see hope again, but don't celebrate too early. If Bitcoin cannot rebound above 1088, it still won't go up, and for Ethereum, just watch 2785!
Night market analysis:
$BTC For Bitcoin, pay attention to the position of 107890 at night; only if it stabilizes above this position for 1-2 hours can the rebound begin. Keep an eye on the resistance levels above at around 108790-109780-110650!
If it cannot stand above the position of 107890 at night, it indicates that the rebound lacks strength, and keep an eye on the support levels below at around 106540-105260-103800!
$ETH For Ethereum, pay attention to the position of 2750 at night; only if it stabilizes above this position for 1 hour can the rebound begin. Keep an eye on the resistance levels above at around 2783-2830-2890!
If it cannot stand above the position of 2750 at night, it indicates that the rebound lacks strength, and keep an eye on the support levels below at around 2718-2688-2655!
$BNB For BNB, pay attention to the position of 665 at night; only if it stabilizes above this position for 1-2 hours can the rebound begin. Keep an eye on the resistance levels above at around 670-674-679!
If it cannot stand above the position of 665 at night, it indicates that the rebound lacks strength, and keep an eye on the support levels below at around 661-656-652!
Pay attention to the position of 158.8 for SOL at night; only if it stabilizes above this position for 1 hour can the rebound begin. Keep an eye on the resistance levels above at around 161-163.5-165.6!
If it cannot stand above the position of 158.8 at night, it indicates that the rebound lacks strength, and keep an eye on the support levels below at around 156.3-153-150!
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