🥔1.4 Daily Market View.🥔
$BTC Viewpoint:
Last night, why did the market suddenly rally? Was it because it was the 16th anniversary of Bitcoin's creation? (Just kidding 😃) After a long period of consolidation, the market definitely had to choose a direction, and it ultimately chose to go up.
Don't look for reasons for the rise, and even less for reasons for the fall. Just look at the market, it will give you all the answers you want.
Bitcoin broke through the 98244 hourly closing price with volume, closing above 98244 and continuing to buy on the right side, recovering stop losses.
If it dips to 97790 and shows a false breakdown, take a light position to buy one more, with stop loss at the false breakdown low. If it doesn't recover, don't buy more.
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Bitcoin's resistance level at 97260 has been successfully broken, but the resistance level at 98444 has not held, it just poked up one spike and came back down. For Bitcoin to continue rising, it must break through the key resistance level of 98444 to see the target position above at 99064-99571.
Pay attention to 99459 above; if it gives a chance, try a light short position. If it breaks 100,000, you must stop loss. Always keep light positions on the left side.
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Conservative traders should wait for a dip to 96438 to buy, with a stop loss below 96000, trying to turn a bicycle into a motorcycle. Pay attention to volume changes.
At the 4-hour level, 96038 resistance becomes support; it can dip and spike, showing a false breakdown, but the closing line should not be below 96038. If the closing price is below 96038, this wave of rise will be over, and it will need to test 95400-93821.
Upper pressure levels are 98388-99008-99628.
Lower minor support levels are 97804-97373-96471.
Today is Saturday; if Bitcoin doesn't fall, altcoins will slowly push up.
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$ETH Thoughts:
Altcoin broke through 3599 with volume, continue to buy on the right side, recover stop losses.
Altcoin broke down through 3589 with volume, continue to short on the right side, recover stop losses.
If it dips to 3542, confirm support is valid and buy one more, with a stop loss below 3512.
If the altcoin can break and hold above yesterday's high of 3630 at the hourly level, it will continue to challenge 3689-3718.
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Pay attention to 3637 above; if it gives a chance, try a light short. Stop loss if it breaks 3660.
Left side orders: buy at 3500, stop loss if it breaks 3466.
At the 4-hour level, 3518 cannot be broken; if it breaks, it will go back to 3474-3417.
Upper pressure levels are 3640-3684-3718.
Lower minor support levels are 3545-3515-3461.
Next Monday, the American holiday will be over, and liquidity will fully recover.
$BTC #比特币诞生16周年 #ADA热度上升 #BIO开盘