Hello everyone, I am A Gan, let me talk about the current market situation.
#BTC The big coin has been trading high for the past few days. From the technical pattern on the daily chart, the big coin still looks good, with a tendency to continue to challenge new highs. Last night, the high point reached around 97500 and then slowly retraced to the low point of 96800 before starting to rebound. As of now, the highest point has rebounded to 98130 and is starting to retrace. This means that the small-level support is at 96800 and 96500, and for the 4-hour chart, the support levels are at 95700 and 94600. As of now, the small resistance levels above are at 98200, 98700, and strong resistance at 99600. For those doing short-term trading, you can wait for a retracement to the support levels before entering again.
#ETH The second coin last night hit the resistance near 3745 but did not break through and came back down. The lowest retracement was to 3679 and started to rebound again, with the highest rebounding to around 3740 before starting to retrace. This means the small-level support is at 3670. For short-term trading, you can enter at these retracement levels, with a stop loss below 3650 and look for another entry point. The take profit is near the previous high resistance level around 3740. Although the second coin has not broken through yet, the upward pattern is still intact, and the focus should be on buying low during retracements. Once it breaks through again, it should quickly reach 3900.
#XRP Ripple is really strong, it has hit a high point around 2.5. In the early morning, it broke through the historical high of 2, and I posted a video at that time. Those who watched the video should know what I said. I encouraged everyone to build positions when it came down to 1.97-1.98, but it did not reach that position for a retracement, and I missed the opportunity to see it surge directly when I woke up, perfectly missing a 20% increase. Currently, I do not recommend chasing the price at small levels; let's wait for a retracement. For those who are not holding long-term positions, it is advisable to reduce their holdings. The probability of hitting above 2.5 again during the day is still relatively small.
Today, the ones that are rising are the established public chains like XRP, Dash, LTC, etc.
#DASH From the small-level perspective, it has already hit the limit, and the probability of breaking through again at 55 is not high, so be cautious about chasing the price. For mid- to long-term trading, you can enter around 47 and add more at 40.
#LTC The spicy strips have also shown a short-term high point and retracement pattern. It did not break through at 130, and the small pressure is at 135. Looking at the day, the probability of continuing to challenge and break through 130 is also not high. If you want to buy more, wait for a retracement below 120.
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