12.16 Lunchtime Discussion:
Good afternoon, brothers. The market has surged again. As soon as the weekly chart changed, it started to rise. In contrast, the altcoins are stagnant and hesitant to move, fearing that there won't be anyone to catch the fall. So I once again advise everyone to be cautious when chasing high prices in altcoins and avoid being the bag holder.
Bitcoin opened this morning and surged to a new high. The weekly chart did not pull back, so pay attention to the support below. As long as it does not break the position of 104000, the smaller time frame remains bullish. Continue to monitor the resistance above at 105354 and 106654. If it makes a new high again, we will start positioning for a medium to long-term trend at 110000. If the one-hour chart closes below 104000, the smaller time frame will start to pull back. The support levels below are 102970. It's easy to spike during highs, so pay attention to the spike positions below at 100700, 98519, and 94137.
Ethereum is currently on a four-hour uptrend 📈, and the third resistance level has just been reached. Pay attention to the support at 3930; as long as this position does not break, the trend remains bullish. Continue to watch the resistance above at 3988, 4028, and 4090. If the one-hour chart closes below 3930, the one-hour chart will start to pull back, with support levels at 3900, 3867, and 3830. If the four-hour chart closes below 39000, this wave of upward movement 📈 will end, and the four-hour chart will start to pull back. Pay attention to the spike positions at 3725 and 3507.
SOL has just reached the daily resistance level of 227.3 given last night and is starting to pull back. The smaller time frame is still weak, and continue to watch the resistance above at 227 and 234. The daily chart must break through 227.3 for the trend to go up. The support below is at 220; if the four-hour chart closes below 220, this wave of rebound will end, and we will continue to look at the support below at 215 and 200.
