2024.12.19 Bitcoin/Ethereum/BNB/SOL/DOGE Intraday Market Analysis: Many people missed out on the rising gains but suffered losses instead; the drop in the early morning hurt many accounts. Why is that? Holding cash is wisdom, and setting stop-loss is determination. Which one can you achieve? Should we buy altcoins during this drop? Those who bought altcoins on the 9th have not even broken even, and now with another drop, most of those who bought altcoins are struggling to get back to break even. In fact, there is no need to panic about this drop; it’s just a few points down. Looking at the cycle, it will eventually come back. For now, it's just a daily level correction. If the rebound is weak, the support levels for Bitcoin are around 977 and 94. Below is today’s market analysis:
BTC Bitcoin:
Today, focus on the 101225 level. Only if it stays above this level can we start to see a rebound at the 1-hour level. The pressure levels/targets above to focus on are around 102545 - 103700 - 104630. If it cannot jump above 101225 today, it indicates a weak rebound and continues to retrace, with support levels below at 100185 - 99450 - 98762.
ETH Ethereum:
Today, focus on the 3689 level. If it holds above this level, we will see a rebound at the 1-hour level. The pressure levels/targets above to focus on are around 3758 - 3811 - 3879. If the rebound cannot stay above 3689, it indicates a weak rebound and continues to retrace, with support levels below at 3624 - 3584 - 3541.
SOL:
Today, focus on the 208.5 level. If it holds above this level, we will see a rebound at the 1-hour level. The pressure levels/targets above to focus on are around 211.9 - 215.7 - 218.7. If the rebound cannot stay above 208.5, it indicates a weak rebound and continues to retrace, with support levels below at 206.4 - 202.9 - 199.2.
BNB:
Today, focus on the 697.3 level. Only if it stays above this level can we start to see a rebound at the 1-hour level. The pressure levels/targets above to focus on are around 705.4 - 711.1 - 719.7. If the rebound cannot stay above 697.3, it indicates a weak rebound and continues to retrace, with support levels below at 686.4 - 677.6 - 668.6.
DOGE:
Today, focus on the 0.363 level. If it holds above this level, we will see a rebound at the 1-hour level. The pressure levels/targets above to focus on are around 0.372 - 0.381 - 0.389. If the rebound cannot stay above 0.363, it indicates a weak rebound and continues to retrace, with support levels below at 0.357 - 0.349 - 0.34.