Good morning, brothers! A new week has begun, and today’s content is a bit lengthy; those who lack patience can skip it. The recent market has seen a widespread rally, and everyone is analyzing. The FOMO sentiment is also quite strong. The market has finally calmed down over the past few days, and people are starting to realize that although many analysts are recommending coins that are rising, this is actually a typical rotation and washout phenomenon. Looking back at last year’s year-end market surge, almost every coin rose in three days; this was not because a certain analyst was particularly skilled, but because the market was favorable, leading to many coins rising.

When Bitcoin rises, altcoins usually follow; this is a market rule. Just like Bitcoin halves every four years, the market transitions from bear to bull and vice versa. In a bear market, enter in batches, and in a bull market, exit in batches. By finding the pattern, one can truly make significant profits.

Review and outlook:

I mentioned last week that the bullish momentum of Bitcoin has weakened, and it won't reach new highs in the short term. I'm not bearish; rather, I believe that after such a rise, a correction is needed. How can it rise better without adjustments? The analysis mentioned during the day on the 7th showed that Bitcoin started to retrace, dropping about 2% at the start today, with altcoins retracing over 3%. Today's market continues to focus on Bitcoin testing support levels, with short-term support between 93800 and 90500. If it retraces to this level, there is still a chance to enter long.

Specific coin analysis:

BTC (Bitcoin)
Currently, Bitcoin's price remains within a fluctuating range, and the first resistance and support levels have been reached last night. Today, pay attention to the position of 99940; only by breaking through this position can the market expect to continue rising. The upper resistance levels are 101200, 101978, and 103235. If today's 4-hour candlestick does not hold above 99940, then it may continue to retrace, with support levels at 98716, 97620, and 96420.

ETH (Ethereum)
Ethereum has recently started to decline and has touched the first resistance and support levels yesterday. Today, watch the position of 3971; only by breaking through 3971 can the 1-2 hour level potentially resume an upward trend. The upper resistance levels are 4006, 4029, and 4058. If it cannot break through 3971 and continues to retrace, pay attention to the support levels at 3907, 3870, and 3835.

SOL (Solana)
SOL has experienced a nighttime fluctuation and has rebounded after reaching the first support level. Today, pay attention to the position of 234.5; only if it holds above 234.5 can the market expect to continue rising, with target levels at 238, 241, and 243.5. If it cannot break through 234.5 today and continues to retrace, pay attention to the support levels at 231, 226.3, and 223.2.

BNB (Binance Coin)
BNB experienced fluctuations and retraced last night, having reached the first support level and rebounded. Today, watch the position of 732; only by breaking through 732 can there be upward rebound space, with target levels at 743.5, 754.4, and 760.5. If it cannot break through 732 and continues to retrace, pay attention to the support levels at 716, 704.8, and 690.

DOGE (Dogecoin)
DOGE retraced after reaching the first resistance level last night and is still in a retracement phase at this stage. Today, it is crucial to focus on the position of 0.459; after breaking this level, the market may continue to rise, with target levels at 0.467, 0.477, and 0.485. If it cannot break through 0.459 and continues to retrace, pay attention to the support levels at 0.445, 0.435, and 0.424.

Summary:

In the short term, the market remains in a fluctuating retracement phase, so maintain caution in operations. For most mainstream coins, there are still rebound opportunities after the retracement, but if the key resistance levels are not broken, further adjustments may continue. Stay calm, find suitable support and resistance levels for positioning, and avoid risks caused by frequent operations.

Wishing everyone good luck! #APT、ADA、ENA大额解锁 #山寨季将持续多久？

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