12.30 Summary and Early Morning Market Analysis!

During the day, the white metal was in a range-bound fluctuation, without showing a clear trend. We previously mentioned that this kind of market is building up momentum in preparation for future movements. As expected, there was a wave of downward movement in the evening, with prices breaking below 92,000, reaching a low around 91,500 before not continuing downwards, and instead running around 92,000. Today, the main focus is on trading around the multi-dan, with the major cryptocurrency gaining over 1,800 points and the alternative asset also gaining about 150 points.

The major cryptocurrency saw a significant drop in volume during the evening, while during the day it experienced a small-scale rebound, failing to break through the first resistance level. In the evening, it dropped directly below 93,600. Currently, the first support level at 92,482 has been broken, with the next support around 90,286-88,069. During the night, pay attention to the small-scale rebound resistance at 92,959-94,062; at least these two resistance levels need to be broken again for the market rebound to gain strength.

The alternative asset has once again hit the bottom hard support of the sideways range at 3,300. This support is also a weekly level of bullish and bearish support, so it must break below this position to continue looking downwards. The lower support levels are around 3,220-3,104-3,038. If it does not break below 3,300, the market will still be in a range-bound fluctuation. The upper resistance levels at 3,383-3,445 must at least be broken for the market to continue looking upwards for a reversal.