Good evening, family: Bitcoin stopped falling at 8 o'clock, just in time for good news to come out. The market makers will use the news to drive the market, causing panic selling in the afternoon and evening. I saw the capital flowing back and immediately posted that it stopped falling. When funds enter, we need to understand how to follow. The upcoming market rebound to around 99000 can consider taking profits in batches. The market has now broken the downtrend line. If this week's close has a longer body than shadow, the market will continue to decline next week. So just in case, everyone should manage their positions well.
Market Analysis:
$BTC Where will Bitcoin rebound to? Directly watch if it can stabilize at 98600. The resistance levels above are: 101500~103400~105400. Currently, it is undergoing a 4-hour level rebound, with funds. If it cannot stabilize at 98600 around 4 AM, continue to look for a downward correction. Pay attention to the support levels below: 95900~94100~91700.
$ETH Ethereum has fallen quite deeply, from a high of 4100 to 3100, clearing a lot of low-leverage positions. In this wave of rebound, pay attention to the resistance levels above: 3491~3634~3762. If the market cannot stand above 3500 around midnight, continue to look for a downward correction. Pay attention to support at: 3237~3036.
$SOL This wave of correction exploded 200 long positions, if it falls to 180, that's also where I personally enter in batches. Controlling the average price below 180 is a retracement point at the daily level. It can be entered for medium to long-term layout. For this wave of rebound, pay attention to the 200 mark. If it stands above 200, the resistance levels above are: 210~222~234. If it cannot break above 200, the market will continue to move down. Pay attention to the support levels below: 183~175~163. If it dares to break below, then dare to build positions in batches.
$DOGE Dogecoin is also sad, unable to maintain the upward trend, directly breaking below 0.3 to 0.27. Next, pay attention to standing above 0.32. The resistance levels above are: 0.32~0.343~0.370. If it cannot stand above 0.32, the support levels below are: 0.278~0.248~0.215, build positions in batches, and see next month's good news.
