Hello, hello! Welcome to the exclusive channel of the new crypto UP master—Classmate Xiaobai! Here, I will bring you free 'real-time analysis' every day. Please do not take it seriously; it's purely for entertainment (disclaimer). If there are similarities in predictions, it's purely coincidental (dog head).
First, let's look at the weekly closing:
The top volume has broken through the head and feet, closing below 972. This is a relatively dangerous signal. Assuming a weekly level pullback, the first target is 738 (there is this expectation, but it's hard to say when it will arrive). This price is a former top, a key price with multiple pressure and support changes, and it is also the gap for Bitcoin futures (the gray part in the image below).
So let's look for relatively safe entry prices at smaller levels.
Now let's take a look at the four-hour chart:
After the movements over the weekend, there are clear signs of a breakout. Now 957 has become a pressure point, which is very dangerous. Once 942 (the starting price) breaks, it is highly likely to drop. The support below is at 922 and 908. Once it breaks below 90,000, it basically confirms a large-scale pullback, with a small target of 85,000 and a large target of 738.
So now we can observe the pressure situation at 957 or the breakdown situation at 942. The stop loss is at 958. During this phase, it's best to be cautious with long positions, while short positions can be held for a bit longer.
When Bitcoin drops, the smaller altcoins become clearer. Don't think about bottom fishing; the price is still high. Right now, the focus is on the support at 90,000. Once the four-hour level closes below that, it confirms a downward trend. If it hasn't broken down, it remains primarily in consolidation.
The morning trading thought analysis is complete. What do you think, everyone? Feel free to discuss and exchange ideas in the comments. This is your beloved Xiaobai, providing daily free analysis (heart gesture).