Brothers, good afternoon! What is it like to experience a week of continuous surges?
I believe everyone has deeply experienced it last week.
However, there are still many brothers feeling uneasy, especially those who shorted at the bottom and held on, as well as those who missed the spot market but are still in the game. Their situation is indeed difficult.
Yesterday, it was circulating in various groups that a big player had liquidated 160 million.
Why do you think he went bankrupt?
Many brothers might say, if I had that much money, I wouldn't play, or how could I go bankrupt if I had that much money? This is human nature; greed is often very hard to overcome.
To know, holding positions is an inevitable path to liquidation. No matter how much capital you have, if you hold positions until the end, the result will only be zero.
Last week, I reduced my Bitcoin holdings by one third and cleared all my altcoins.
At that time, many people mocked me, saying that I was not ambitious enough to even hold Bitcoin, and it would be hard to buy back later. Brother, I only reduced my position by one third, but one third of 100 Bitcoins is not the same as one third of 10 Bitcoins.
Bitcoin has risen to this level, to be honest, this price is really quite high.
Sometimes I also ask myself if I sold my altcoins too early.
But since I have sold, I have no regrets. After all, no one can predict whether the market will go up or down in the future. Everyone just makes the decision they believe is the most correct at the moment.
Bitcoin's daily surge has already left me feeling indifferent, having gone through two bull markets.
From the intraday trend, there is no sign at all that it wants to pull back.
Can we say it will continue to rise? No one can be 100% certain.
At the current price, I feel a bit scared of heights, so I will reduce my position if I can't hold.
Trading is essentially a process of buying and selling. If there is only buying and no selling, it cannot be called trading.
Today's Market Analysis
Regarding Bitcoin, if it continues to rise today, pay attention to the key level of 81808.8. Once it breaks through, it is very likely to continue climbing.
If there is a pullback, pay attention to the level of 80350. As long as it does not fall below this, there is still momentum for further upward movement.
If it breaks below, the 1-hour level will enter a pullback mode, and key support levels to watch are around 79390 - 78545 - 78040.
For ETH, today we need to pay attention to the level of 3188. As long as it does not fall below this on the 1-hour chart, it is very likely to continue pushing upward. Key target or resistance levels to watch are around 3230 - 3263 - 3295.
If it falls below the level of 3188 today, the 1/2 hour level will start to pull back, and support levels to watch are around 3165 - 3140 - 3104.
For SOL, today pay attention to the level of 209. As long as it does not fall below this on the 1-hour chart, the possibility of a surge is very high. Key target and resistance levels to watch are around 203 - 215.7 - 219.3.
If it falls below 209 today, the 1/2 hour level will start to pull back. Key support levels to watch are around 205 - 201.3 - 198.8.
For BNB, pay attention to the level of 634 today. As long as it does not fall below this on the 1/2 hour chart, it is very likely to continue going up. Key target and resistance levels to watch are around 643.5 - 649.5 - 657.7. If it falls below 634 today, the 1/2 hour level will start to pull back, and support levels to watch are around 629 - 624 - 620.
