In periods when prices fall and rise very quickly, we need to pull the time frames a little higher and look. Supports and resistances in higher time frames corresponds to stronger supply/demand areas, so they are more likely to work than lower time frames, and in this sense, it is important to follow them.
Now let's look at the general view. ๐
๐ #TOTAL
$3.3T -$3.35T (middle green box) S-R flip level was daily major support and couldn't manage to hold. It now needs to hold above this level for a market recovery. Above this level corresponds above $BTCโs $98K-99K.
The green box below is an important support S-R flip zone on the 3D timeframe and was the area that provided support during the previous market crash. A decline to this level could bring $BTC to 90K-91K levels.
Below this would cause deeper declines and bring $BTC's 84K-85K supports to the agenda. It is important to follow these levels.
๐ #TOTAL2
Currently, $1.27T support looks weak. A pullback to $1.18T support would liquidate $ETH in the 3030 area.
A move below that to $1.09T would bring sub-3000 prices to the agenda. Below $1.0T is a dangerous area and we would like to avoid it.
๐ #TOTAL3
The first important support under $980B was 880-914 levels and staying below this is negative at the moment. The level that needs to be stayed above in the first stage for the return is 880B.
Apart from this, following the main supports 837B, 778B and 715B regions rather than intermediate levels in the continuation of the decline. These major levels would be useful for adding to spot #altcoins bags such as $BNB, $SOL and mid-to low caps.
