Good evening, family: The main cryptocurrency finally took a dip tonight, indicating that the market will undergo a second larger adjustment. Be cautious of position risks.
There is a huge sell order near 100k. If the main force pushes up to the 100k mark, the cost will be very high, unless the liquidation amount at the 100k mark is enough to attract attention. Observing the data, around 99900 is the concentrated liquidation zone. Therefore, the evening market also allows the market maker to release some chips at the 100k mark.
Market analysis:
$BTC The main cryptocurrency has dropped sharply. The last 4-hour closing was above 98300, and it has closed back up, recovering from the drop. Continuing to look bullish in the future market. Focus on the resistance levels above: 99000-99500. A breakthrough will push towards 100k. Next, the market might find an opportunity to spike and eliminate the short positions that don't believe in reaching the 100k mark, then the market will quickly retreat to around 99500. Next, pay attention to the support levels below: 98300-97600-96800.
$ETH Ethereum's last 4-hour closing did not break the hourly downtrend. It will continue to challenge the support around 3270. If it cannot hold above 3312 tonight, the market will continue to oscillate between 3312-3272. A breakthrough above 3312 will focus on the resistance levels: 3357-3398-3432. If it cannot hold above 3312, pay attention to the support below: 3272-3221.
$SOL The market fluctuated with the overall market tonight, but it remains firm. Continue to focus on the level of 253. If it doesn't break below, watch the resistance levels above: 285.87-263.64. If it falls below 253, pay attention to the support levels below: 248.16-242.88.
$DOGE The Dogecoin on the 4-hour cycle continues to test the resistance at 0.42. A breakthrough above 0.42 is expected to challenge the previous high at 0.44. Currently, the market is focusing on whether it can stabilize above 0.405. If stable, watch the resistance levels above: 0.419-0.434. If it falls below 0.4, pay attention to the support levels below: 0.394-0.382-0.371 for purchasing.
