Good afternoon, brothers. Bitcoin rebounded to the first resistance level I provided at night and then started to decline, reaching a new low. The decline throughout yesterday was only slightly offset by this night's rebound. Currently, the market's downward momentum has weakened, but the overall rebound is still not strong enough, and the main trend remains consolidation, with a focus on the non-farm payroll data at 9:30 PM tonight!
Let me share my views for everyone to participate: now everyone is watching 88-85 (some even watching 7.3), which indicates that selling pressure at this position is strong. The market makers may not necessarily drop to the bottom to let everyone get on board immediately, just like the recent drop that washed out many bulls; when everyone is bullish, it goes the other way.
Currently, Bitcoin has almost dropped to the bottom of the weekly horizontal zone near 90,000. This position is extremely critical, the last bottom line for the bulls; if it fails to hold, then it will be a disaster. If it does not break, it will form sideways and then rebound again, with upper resistance levels looking around 965-988!
Today's market analysis:
$BTC Bitcoin rebounded to the first resistance level at night and broke through the first support level to start rebounding. Today, pay attention to the position of 92910; as long as it stabilizes above this position, a 1-2 hour level rebound will begin. The upper target/resistance levels to watch are around 93760-94510-95260 (if the first resistance level is stabilized at the 4-hour level, then the 4-hour level will start to rebound).
If today breaks below the position of 92910, it indicates that the market is still unable to rise, continuing to form sideways or decline. Pay attention to support levels around 91840-91070-90190!
$ETH Ethereum rebounded to the first resistance level at night and broke through the second support level to start rebounding. Today, pay attention to the position of 3226; as long as it stabilizes above this position, a 1-2 hour level rebound will begin. The upper target/resistance levels to watch are around 3280-3320-3348 (if the first resistance level is stabilized at the 4-hour level, then the 4-hour level will start to rebound).
If today breaks below the position of 3226, it indicates that the market is still unable to rise, continuing to form sideways or decline. Pay attention to support levels around 3193-3155-3105!
$SOL SOL rebounded to the first resistance level at night and broke through the second support level to start rebounding. Today, pay attention to the position of 187.2; as long as it stabilizes above this position, a 1-2 hour level rebound will begin. The upper target/resistance levels to watch are around 191.4-195.3-198.9 (if the first resistance level is stabilized at the 4-hour level, then the 4-hour level will start to rebound).
If today breaks below the position of 187.2, it indicates that the market is still unable to rise, continuing to form sideways or decline. Pay attention to support levels around 184.6-181.9-179.8!
BNB's night rebound is a bit weak, after dropping near the second support level it started to rebound. Today, pay attention to the position of 689; only if it stabilizes above this position will a 1-2 hour level rebound begin. The upper target/resistance levels to watch are around 700-708-714.8 (the first resistance level is the top of this recent horizontal zone).
If today cannot rise above the position of 689, it indicates that the market is still unable to rise, continuing to form sideways or decline. Pay attention to support levels around 680.7-674.6-668!
DOGE rebounded to the first resistance level at night and broke through the first support level to start rebounding. Today, pay attention to the position of 0.3244; as long as it stabilizes above this position, a 1-2 hour level rebound will begin. The upper target/resistance levels to watch are around 0.3312-0.3354-0.3403 (if the first resistance level is stabilized at the 4-hour level, then the 4-hour level will start to rebound).
If today breaks below the position of 0.3244, it indicates that the market is still unable to rise, continuing to form sideways or decline. Pay attention to support levels around 0.3206-0.316-0.3117!
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