Good evening family: a pullback in Bitcoin at this time is relatively good, the end of the month is approaching, volatility will be larger, so be mindful of risks.
From the closing situation of Bitcoin on the 4-hour level, the four-hour drop of Bitcoin has not completely stabilized yet. The US stock market opened high in the evening, driving a wave of increase in the overall market, but from the pattern perspective, it is also a rebound to the support level. Do not rush in immediately, it is easy to get trapped.
Market Analysis:
$BTC You also hit 91500 in the evening, which made many long traders anxious, after all, it is a high position and the risk is high. You can go long, but do not trade Bitcoin anymore, you can switch to the Ethereum series. This wave of rebound can be said to have been brought by the US stock market, or it can be said to have encountered a rebound from the previous support-resistance swap. In the early morning, pay attention to the range of 92800~93100, only if it closes above this range will the market continue to rebound upwards. Pay attention to resistance levels above: 94900～97200. If the market does not stabilize at 92800 in the evening, it will continue to look bearish and may go down to around 89000, pay attention to support levels below: 89500～86600, manage your positions well, and cut losses when necessary.
$ETH For Ethereum, pay attention to the level of 3281, if this level cannot stabilize, it will drop to the key level of 3228. If it stabilizes above 3000, pay attention to resistance levels: 3381～3440～3528. If it drops below 3281 in the early morning, pay attention to support levels below: 3220～3157, build positions in batches, buy on dips, Ethereum is still strong.
$SOL The callback has reached the 120 moving average, you can start building positions in batches, buy the first position, a drop of over 40 dollars is also the highest retracement for entry, you can catch a wave of rebound, closing above 230, the market looks bullish for tomorrow, pay attention to resistance levels above: 240～252. If it cannot stabilize at 230, pay attention to support levels below: 223～212～204.
$DOGE Dogecoin has also rebounded to the key support level around 0.365, pay attention to whether it can rise above 0.386 in the evening, stabilize and have volume, looking bullish for tomorrow, pay attention to resistance levels above: 0.407～0.434. If it closes below 0.38, the market will continue to pull back, pay attention to support levels below: 0.365～0.347.#ETH市场新动向
