Good afternoon brothers, the sky fell after waking up. Bitcoin plummeted 5 points, and Ethereum dropped 11 points. As for altcoins, no need to mention the drop, everyone understands. However, it must be said that opening the contract account shows more assets. Originally, it was the long position on Bitcoin at 103. As for the losses in spot trading, I believe Bitcoin will rise sooner or later!
Last night I mentioned that Bitcoin couldn't rebound above 1088 (highest 1084), and Ethereum couldn't go above 2785 (highest 2770), it will still come down. I didn't expect it to start crashing in the latter half of the night. Fighting really uses the money of the brothers, right? Those brothers who didn't set stop losses or had large positions probably got BBQ'd. As long as the pre-break low doesn't break today, it will form a sideways area at the bottom. To go up, we need to see the strength of the rebound!
Last night this wave of sharp decline fell to the bottom of the weekly sideways area again. What happened? You dared to go long at 109, but now you're afraid to enter at the weekly support levels of 103-102-1003? You only buy expensive things and not discounted ones? Even if you take a light position to long for a rebound, it’s fine. What if it rebounds and makes a profit?
This wave of sharp decline was caused by the fighting. I don't know if it will escalate in the future. If it escalates, it will still fall, but not too much. Those who are making profits by buying at the bottom should do well with moving stop losses or break-even losses. If it doesn't break 1003, it indicates that it is still within the weekly level sideways area. If it breaks, deep pullbacks are needed. Where it will fall further, see you at the live broadcast room at 8:30 tonight!
Today's market analysis:
$BTC Bitcoin today rebounded, pay attention to the level of 104560. Only if it stands firmly above this level for 1 hour can the rebound begin. Key resistance levels to watch are around 105935-106980-107850!
If it can't stand above 104560 today, it means the small-level rebound lacks strength, and it will continue to fall. Key support levels to watch are around 102620-101470-100310!
$ETH Ethereum today rebounded, pay attention to the level of 2567. Only if it stands firmly above this level for 1 hour can the rebound begin. Key resistance levels to watch are around 2595-2641-2666! (There is a small resistance at 2527)
If it can't stand above 2567 today, it means the small-level rebound lacks strength, and it will continue to fall. Key support levels to watch are around 2471-2433-2407!
$BNB BNB today rebounded, pay attention to the level of 649.2. Only if it stands firmly above this level for 1 hour can the rebound begin. Key resistance levels to watch are around 654.4-658-662.5!
If it can't stand above 649.2 today, it means the small-level rebound lacks strength, and it will continue to fall. Key support levels to watch are around 643.5-637.6-628.6!
SOL today rebounded, pay attention to the level of 145.5. Only if it stands firmly above this level for 1 hour can the rebound begin. Key resistance levels to watch are around 148.4-152.3-156.3!
If it can't stand above 145.5 today, it means the small-level rebound lacks strength, and it will continue to fall. Key support levels to watch are around 140.7-138-135.6!
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