2024.12.2.BTC.ETH.SOL.BNB. Daily Market Analysis
Good afternoon, brothers. A new week has begun. Yesterday we switched to the monthly line, and today we switch to the weekly line. Looking back at the weekly line, there was basically not much fluctuation last week. Neither the previous high was broken nor the previous low was broken. Will this week continue to break up or will it break down? Based on today's market analysis, let me chat with you, brothers.
BTC
Last night during my live broadcast, including in the market analysis, I said that as long as the four-hour closing line does not fall below 97000, the market will continue to explore upwards. It reached near the second pressure point I provided, but the momentum is not too strong. Currently, the daily line is still bullish, but the four-hour closing line has first broken the 97000 support. There's no need to consider going long for now, as the four-hour chart has started to correct. It's not easy to go short either because the daily line is bullish, with daily support pressure. Therefore, the range I provided last night of 97000-96000 should not be traded. For the direction of long and short and trading ideas, refer to: Pressure above: 97000. Wait for the four-hour closing line to break through 97000 again. If the small level enters a bullish phase, look bullish. Pressure above: 98000.98600.99600. As long as the four-hour closing line has not broken through 97000, look for a correction. Support below: 96000.95500.94700. For a conservative bearish view, wait until 8 AM tomorrow when the daily closing line breaks below 96000 to increase the certainty of the bearish direction. The effective closing times for the four-hour line are 16, 20, and 24.#BTC☀
ETH
Currently, the four-hour support has been broken, starting a four-hour level correction. The pressure above is 3713. As long as the four-hour closing line cannot break above this price level, the market will look for a correction. Support below: 3650.3593.3530. A closing breakthrough is needed to look at the pressure above: 3766.3842.#ETH🔥🔥🔥🔥
SOL
SOL said last night that it is the weakest one, and when it rushed to 240 last night, the pressure began to retreat. Currently, it has broken below the 227 support level. For small-level rebounds, first look at the two pressures of 232 and 236. If it can't rebound above, it will continue to fall. Support below: 221.213. At least a four-hour closing line breakthrough of 236 is needed to have signs of stopping the decline.#sol趋势
BNB
BNB's four-hour support has been broken again, and the daily level has started to move sideways. In this kind of market, there is no need to trade in the sideways area. Bearish until the daily closing line breaks below 646. Support below: 630.608. Bullish waiting for the four-hour closing line to break through 665. Only then will the bullish momentum be strong, with pressure above: 676.687.#BNB金鏟子
