Good afternoon, brothers. The market has been consolidating all night, and it has formed a consolidation area at the 4-hour level. Still, the same saying: if you want to go up, it must go down, just pay attention to the top and bottom of the consolidation area. Today is Friday, be careful of a big wave, everyone should pay attention!
If Bitcoin breaks below the bottom of the consolidation area, another wave of decline will come, looking at the two positions near 925-9. If it breaks above the top of the consolidation area, it will pull up, looking at the position of 995. Only if it stands above 995 will the daily level correction be considered over. This position is also the top of the daily level consolidation area!
Today's market analysis:
$BTC Bitcoin did not break below the bottom of the consolidation area during the night and is currently consolidating at the 4-hour level. Pay attention to the position of 95900 today. As long as it remains above this position, it will continue to rebound upwards in the 1-2 hour level. The upper target/resistance levels to watch are around 97225-98410-99370!
If it breaks below 95900 today, then the 1-2 hour level rebound will fail and turn bearish. Watch the previous low of 95180; if it breaks below, it will continue to fall. The support levels to watch are around 94200-93510-92475!
$ETH Ethereum rebounded just after hitting the second support level during the night. Pay attention to the position of 3350 today. As long as it remains above this position, it will continue to rebound upwards in the 1-2 hour level. The upper target/resistance levels to watch are around 3405-3452-3505!
If it breaks below 3350 today, then the 1-2 hour level rebound will fail and turn bearish. Pay attention to the support levels around 3315-3271-3225!
$SOL SOL has been hitting the first support level all night and has begun to rebound to the top of the consolidation area. Pay attention to the position of 189.1 today. As long as it remains above this position, it will continue to rebound upwards in the 1-2 hour level. The upper target/resistance levels to watch are around 192.1-195-198.9!
If it breaks below 189.1 today, then the 1-2 hour level rebound will fail and turn bearish. The support levels to watch are around 187.2-184.5-180.6!
BNB is currently moving in a small-level triangle. Pay attention to the position of 691.6 today. As long as it remains above this position, it will continue to rebound upwards in the 1-2 hour level. The upper target/resistance levels to watch are around 698.9-707.5-719.7!
If it cannot stand above 691.6 today, then the 1-2 hour level rebound will lack strength and continue to fall. The support levels to watch are around 685.7-677.5-671.5!
DOGE rebounded just after hitting the second support level during the night. Pay attention to the position of 0.3135 today. As long as it remains above this position, it will continue to rebound upwards in the 1-2 hour level. The upper target/resistance levels to watch are around 0.319-0.323-0.3285!
If it cannot stand above 0.3135 today, then the 1-2 hour level rebound will lack strength and continue to fall. Watch the support levels around 0.3095-0.304-0.296!
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