Happy weekend, brothers! Yesterday's brutal drop left the market in despair and a sea of blood with countless liquidations. In the trading market, a big rise inevitably leads to a big fall. When prices rise, one should be prepared for a potential drop at any time. Therefore, setting stop losses is of utmost importance; otherwise, what you earn will only be fluctuating numbers. Each major fluctuation will leave you restless!
Bitcoin and Ethereum rebounded overnight and closed positively on the daily chart. Over the weekend, it is expected that a 4-hour level bottom consolidation will form to repair the candlestick pattern. Just wait; as long as Bitcoin and Ethereum consolidate, some altcoins will show movement!
If you can't resist the urge to buy altcoins, my personal suggestion is to buy Bitcoin. Just look at how each time Bitcoin drops, it can rise back, but altcoins may not be able to do so!
Today's market analysis:
$BTC Bitcoin is currently in a high-level consolidation area after a 1/2 hour rebound. Today's focus is on the position of 96360. As long as it holds above this position on the 1/2 hour level today, the rebound trend remains. The target/resistance levels above are around 98000-99610-101475!
If it breaks below 96360 today, the 1/2 hour rebound will end and the market will turn bearish. The support levels below are around 94690-92725-90860!
$ETH Ethereum is currently in a high-level consolidation area after a 1/2 hour rebound. Today's focus is on the position of 3390. As long as it holds above this position on the 1/2 hour level today, the rebound trend remains. The target/resistance levels above are around 3527-3598-3661!
If it breaks below 3390 today, the 1/2 hour rebound will end and the market will turn bearish. The support levels below are around 3295-3200-3105!
$SOL SOL is currently in a high-level consolidation area after a 1/2 hour rebound. Today's focus is on the position of 190. As long as it holds above this position on the 1/2 hour level today, the rebound trend remains. The target/resistance levels above are around 197.9-204.5-210.5!
If it breaks below 190 today, the 1/2 hour rebound will end and the market will turn bearish. The support levels below are around 183.4-175.5-166.3!
BNB is currently in a high-level consolidation area after a 1/2 hour rebound. Today's focus is on the position of 677. As long as it holds above this position on the 1/2 hour level today, the rebound trend remains. The target/resistance levels above are around 689.6-696.7-705.4!
If it breaks below 677 today, the 1/2 hour rebound will end and the market will turn bearish. The support levels below are around 664.8-649.3-635.5!
DOGE is currently in a high-level consolidation area after a 1/2 hour rebound. Today's focus is on the position of 0.308. As long as it holds above this position on the 1/2 hour level today, the rebound trend remains. The target/resistance levels above are around 0.336-0.358-0.376!
If it breaks below 0.308 today, the 1/2 hour rebound will end and the market will turn bearish. The support levels below are around 0.288-0.265-0.248!
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