Happy weekend, brothers! Yesterday’s brutal decline left the market in despair, with bloodshed everywhere and countless liquidations. In the trading market, a big rise is always followed by a big drop. When the market is rising, one should be prepared for any possible drop. Therefore, setting stop-losses is of utmost importance, otherwise, you are only earning fluctuating numbers, and every significant fluctuation will leave you restless!
Bitcoin and Ethereum had a bounce overnight, and the daily candle closed positively. It is expected that a 4-hour level bottom consolidation will form over the weekend to repair the candlestick. Just wait; as long as Bitcoin and Ethereum consolidate, some altcoins will show movements!
If you can't resist the urge to buy altcoins, my personal suggestion is to still buy Bitcoin. Just look at how Bitcoin can bounce back after every drop, but altcoins may not be able to do the same!
Today's market analysis:
Bitcoin is currently in a high-level consolidation area after a 1/2 hour rebound. Pay attention to the 96360 position today. As long as it holds above this position on the 1/2 hour level today, the rebound trend remains. The upper target/resistance levels to watch are around 98000-99610-101475!
If it breaks below the 96360 position today, then the 1/2 hour rebound ends and the market turns bearish. The lower support levels to watch are around 94690-92725-90860!
Ethereum is currently in a high-level consolidation area after a 1/2 hour rebound. Pay attention to the 3390 position today. As long as it holds above this position on the 1/2 hour level today, the rebound trend remains. The upper target/resistance levels to watch are around 3527-3598-3661!
If it breaks below the 3390 position today, then the 1/2 hour rebound ends and the market turns bearish. The lower support levels to watch are around 3295-3200-3105!
SOL is currently in a high-level consolidation area after a 1/2 hour rebound. Pay attention to the 190 position today. As long as it holds above this position on the 1/2 hour level today, the rebound trend remains. The upper target/resistance levels to watch are around 197.9-204.5-210.5!
If it breaks below the 190 position today, then the 1/2 hour rebound ends and the market turns bearish. The lower support levels to watch are around 183.4-175.5-166.3!
BNB is currently in a high-level consolidation area after a 1/2 hour rebound. Pay attention to the 677 position today. As long as it holds above this position on the 1/2 hour level today, the rebound trend remains. The upper target/resistance levels to watch are around 689.6-696.7-705.4!
