Good evening, family: Bitcoin continues to plunge tonight, with an amplitude of nearly 4000 points, and the decline is getting larger. The big players are gradually exchanging positions at high levels. We need to pay attention to Ethereum, which keeps hitting new highs. At this time, funds coming out of Bitcoin are going into Ethereum. If it drops, it's an opportunity; be brave to buy and don't be afraid. Dogecoin, Solana, and Ethereum all have great opportunities, so keep an eye on them.
Market Analysis:
$BTC Bitcoin's spike is the largest drop in recent days, nearly 4000 points. There will only be more to come, going up then down, undergoing a washout at high levels. So everyone must not fill their positions completely; if it drops, there won't be funds to catch the bottom. The 1-hour cycle hasn’t stabilized yet. Tonight, pay attention to whether it can rebound above 97000 on the 1-hour level. If it stands above 97000, continue to look bullish. Key resistance levels above: 97600~98300~99000. If the market cannot stabilize at 96000, it will continue to challenge the low support level of 94600. Pay attention to support levels below: 95600~94700. If it falls below 94700, the upward trend at the 1-hour level will be broken, and positions need to be reduced, guarding against a drop to 93000.
$ETH Ethereum continues to pull back, just rebounded with volume. The market is still looking bullish. Currently, Ethereum is undergoing a 1-hour adjustment. After the 4-hour closing, if it closes above 3465, the bullish momentum for tomorrow will be strong. If it drops, look for opportunities to enter. Key resistance levels above: 3503~3532~3571. If it falls below 3465 in the early morning, key support levels below: 3425~3380. Build positions in batches and buy on dips, looking bullish in the future.
$SOL Solana has been relatively weak these days, with funds mainly flowing into Ethereum; it is not performing as well as Ethereum. Focus more on Ethereum in the short term. It won’t drop too much; we can pay attention to it later. In the early morning, pay attention to whether it can close above 246. If it stands firm at 246, key resistance levels above: 253~259. If it cannot stabilize at 246, pay attention to support levels below: 241~235~230.
$DOGE Dogecoin is currently undergoing a 1-hour level oscillation downward. The washout and accumulation is the work that big players are doing. The key support level of 0.40 must be held. Next, pay attention to key resistance levels above: 0.435~0.454~0.472. If it closes below 0.4, the market will continue to adjust downward. Pay attention to support levels below: 0.399~0.382.#ETH市场新动向