🎃1.7 Afternoon Market Insights.🎃
$BTC Insight:
The major currency has broken through the levels it needed to, and is currently undergoing a consolidation phase at the hourly level. Next, we will see whether the major currency continues to rise or remains in consolidation while waiting for the altcoins and tokens to catch up and choose a direction.
The major currency is currently at a high level; unless it continues to trade sideways, if there is a pullback, the altcoins will collapse.
The major currency broke through with volume above the hourly closing price of 101979 and right-side bought more, while recovering the stop loss.
If it breaks below 101748 and cannot recover on the retest, right-side short and recover the stop loss. Pay attention to changes in volume.
On a pullback to 100392, if there is a false breakdown, recover a light long position, and stop loss below 100,000. Try to make right-side trades, as they have higher certainty.
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The major currency touched the key resistance level of 102727 at the hourly level yesterday. The first touch of the resistance level inevitably led to a pullback. As long as the pullback does not break below the 4-hour level of 100589, everything remains under control.
If the pullback breaks below 100589, then look down to 99678-98645.
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Above the major currency, pay attention to the false breakout at 103020; try a light short position. A breakthrough at 103506 must have a stop loss.
Conservative traders should wait for 99560 to directly go long, and run if it breaks below 99000.
The major currency must break through the hourly level of 102777. Only by breaking and holding above 102777 can we continue to look upwards to 103566-104721.
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Upper resistance: 102716-103627-104660
Lower support: 100589-100042-99192
A pullback to 99939 and then an upward movement will be better; only by going deep enough can we jump higher and further.
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$ETH Thought Process:
The altcoin broke through 3700 with volume; right-side bought more and recovered the stop loss.
3675 broke through with volume; right-side short and recovered the stop loss.
On a pullback to 3618, confirm the support is valid with a light long position; stop loss below 3600.
For the altcoin, pay attention to the high point from yesterday's spike; if it gets there again, try a light short position. Stop loss if it breaks through 3769.
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Left-side orders: Long at 3591, retreat if it breaks below 3571.
The altcoin cannot break and hold above 3732 at the hourly level; if it holds above 3732, then we can look upwards to 3775-3800.
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A high-level doji star has appeared at the 4-hour level for the altcoin. A pullback below 3629 will continue to explore down to 3591-3570.
Upper resistance: 3703-3744-3780
Lower support: 3653-3624-3591
$BTC #币安MegadropSOLV #BTC重返10万 #币安Alpha上新