Those who didn't catch the upward movement missed out completely, and those who didn't get cut by the falling knife should have seen their accounts wiped out during this drop. Why is that? Many blame Powell's hawkish speech for the market crash, but never reflect on why they chose to gamble in a news-driven situation.
We can't influence the Federal Reserve or Powell's speech, so isn't it better to just observe? Why gamble on that 50% probability? It's fine to avoid trading based on news; observing has no cost and won't lose you money! Keeping a cash position is a form of wisdom, and cutting losses is a form of courage. Which one can you achieve?
Is it worth buying altcoins during this drop? Those who bought altcoins during the drop on the 9th haven't even broken even yet, and now this drop has come again. Most of those who bought altcoins are still on the road to recovering their investments!
Don't panic about the drop in Bitcoin; it’s just a few points down. No matter how much it drops each time, over a longer period, it will eventually return. Right now, it's just a daily-level correction. In the past few days, it has risen by two or three points each day, and yesterday it only dropped by five points. If the rebound lacks strength, the support levels for Bitcoin's continued drop are around 977 and 94!
Live stream at 8:30 PM on Binance Square. Brothers, those with money, come support us, and let’s chat together!
Today's market analysis:
Pay attention to the 101225 level for Bitcoin today. Only if it stabilizes above this level can a rebound begin on the 1-hour chart. The pressure/target levels above to note are around 102545-103700-104630!
If today’s rebound does not hold above the 101225 level, it indicates this rebound is relatively weak. Continue to pay attention to the support levels below, around 100185-99450-98762.
Pay attention to the 3689 level for Ethereum today. Only if it stabilizes above this level can a rebound begin on the 1-hour chart. The pressure/target levels above to note are around 3758-3811-3879!
If today’s rebound does not hold above the 3689 level, it indicates this rebound is relatively weak. Continue to pay attention to the support levels below, around 3624-3584-3541.
Pay attention to the 208.5 level for SOL today. Only if it stabilizes above this level can a rebound begin on the 1-hour chart. The pressure/target levels above to note are around 211.9-215.7-218.7!
If today’s rebound does not hold above the 208.5 level, it indicates this rebound is relatively weak. Continue to pay attention to the support levels below, around 206.4-202.9-199.2.
Pay attention to the 697.3 level for BNB today. Only if it stabilizes above this level can a rebound begin on the 1-hour chart. The pressure/target levels above to note are around 705.4-711.1-719.7!
If today’s rebound does not hold above the 697.3 level, it indicates this rebound is relatively weak. Continue to pay attention to the support levels below, around 686.4-677.6-668.6.
Pay attention to the 0.363 level for DOGE today. Only if it stabilizes above this level can a rebound begin on the 1-hour chart. The pressure/target levels above to note are around 0.372-0.381-0.389!
If today’s rebound does not hold above the 0.363 level, it indicates this rebound is relatively weak. Continue to pay attention to the support levels below, around 0.357-0.349-0.34.
[Bringing you the latest market analysis and precise target points every day. If you need altcoin points, leave a comment in the section below, and remember to follow!]
