Today's market analysis is here. I'm a bit busy today, and the market fluctuations are in line with expectations, so I’ll analyze just this one.
Bitcoin Analysis
The post shared yesterday allowed everyone to take appropriate profits at resistance levels: Bitcoin at 101521 and Ethereum at 3978. You can see that Bitcoin broke above the upper boundary of the range yesterday and reached a high of 101880. Today, it fluctuated above 100000, and the level of 101521 has been tested three or four times today. Just now, a fifteen-minute candle did not push up, and now the fifteen-minute candle is trying to push up again. If this wave cannot go up, it’s very likely that we will continue to oscillate within a small range today, repeatedly confirming the support at the 100000 mark. If we break this resistance level, we can look to enter on a pullback, with the next target being the previous high. Support is near 100000, and resistance is at 105580 above.
Ethereum Analysis
The take-profit point for Ethereum at 3978 given yesterday was also quite accurate. Currently, Ethereum's performance is stronger than Bitcoin, having broken through the 78.6% retracement level of 3961. If it stabilizes tonight, we can look towards the previous high; if it does not stabilize, consider taking profit near this resistance level. Support level is at 3858, with resistance at 4046 above.
SOL Analysis
SOL has not seen much fluctuation today, and it has currently stabilized above the Vegas channel line. The strategy remains unchanged, and I am still bullish moving forward. Support level is 222, with resistance levels at 235 and 245 above.
Pepe
PEPE rebounded after testing 2382 yesterday, and there hasn't been much fluctuation currently. If you entered at 2275, you now have around seven points of profit. We should still be waiting for Ethereum and Bitcoin to make a strong upward move. They are both in a range, choosing their direction, and investors are currently in a wait-and-see state regarding altcoins. The altcoin index has dropped from a previous high of 87 to a current level of around 60-70, which is within a normal range. Altcoins are stabilizing, and fluctuations are not expected to be large. I noticed that the Vegas channel line for Pepe has opened up again on the fifteen-minute level. I checked earlier, and whenever the Vegas opens up, Pepe tends to have a good rebound afterward, but it may repeatedly test the Vegas channel line recently. Currently, the strategy for Pepe is that if it drops below 2382 (near the Vegas channel line), those who entered at 2382 should exit at break-even, and those who entered at 2275 should take their profits first.
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