Good afternoon brothers, there was a nice surge overnight, and Bitcoin is starting to challenge the daily resistance level at 955, which is the top of the daily range. If it breaks above, watch for 977-995. The Ethereum daily range is very clear, with a bottom at 3300 and a top at 3405. If it breaks above, then look for 3470-3545!
For those brothers who played altcoins last year and didn't break even, I won't rub salt in the wound. I also want to thank you for accompanying those influencers in losing money and growing together to increase liquidity in altcoins. Through last year, it’s not hard to find that 90% of altcoins cannot outperform Bitcoin.
So don't keep an eye on altcoins anymore. If Bitcoin surges again in the first half of this year, regardless of whether you can break even or not, you should reduce your positions in spot trading. Otherwise, when the market turns bearish this year, you will have basically no chance to escape. Better to sell at a loss than to get stuck!
Tonight at 8:30, there will be the first video live stream of the year at the square, so everyone please arrange your time in advance!
Today's market analysis:
$BTC Bitcoin accurately hit the first resistance level last night before starting to pull back, dropping to the white line and then breaking the second resistance level. Bears can take advantage of this twice. Today pay attention to the level of 94570; as long as it holds above this level, the 1-2 hour level is still bullish, with upper target/resistance levels around 95465-96240-96973! (If it holds above 95465, the daily level correction will be over, and the market will start to go up)
If today's pullback breaks below 94570, then a 1-2 hour level correction will start, and for the downside support levels, pay attention to around 93952-93170-92366!
$ETH Ethereum accurately hit the second resistance level at 3405 last night before starting to pull back. Today pay attention to the level of 3377; as long as it holds above this level, the 1-2 hour level is still bullish, with upper target/resistance levels around 3405-3435-3472! (If it holds above 3405, the daily level correction will be over, and the market will start to go up)
If today's pullback breaks below 3377, then a 1-2 hour level correction will start, and for the downside support levels, pay attention to around 3351-3313-3271!
$SOL SOL accurately hit the second resistance level at 199.2 last night before starting to pull back. Today pay attention to the level of 195.9; as long as it holds above this level, the 1-2 hour level is still bullish, with upper target/resistance levels around 201.8-206.1-210.5! (If it holds above 210.5, the weekly level correction will be over, and the market will start to go up)
If today's pullback breaks below 195.9, then a 1-2 hour level correction will start, and for the downside support levels, pay attention to around 193-189.1-184.2!
BNB's new staking will end later, so its performance overnight was not good, and it tested the first support level twice this morning. Pay attention to the level of 705.5; as long as it holds above this level, a 1-2-4 hour level rebound will start, with upper target/resistance levels around 713-722-730!
If today it cannot hold above the level of 705.5, it means the rebound lacks strength, and it will continue to fall with downside support levels around 698.8-693.5-685.7!
DOGE started to pull back after breaking the third resistance level last night. Today pay attention to the level of 0.3299; as long as it holds above this level, the 1-2-4 hour level is still bullish, with upper target/resistance levels around 0.3347-0.3386-0.3421!
If today's pullback breaks below 0.3299, then a 1-hour level correction will start, and for the downside support levels, pay attention to around 0.3244-0.3203-0.3158!
[Bringing you the latest market analysis and precise entry points daily. If you need altcoin levels, please leave a comment in the section below, and remember to follow me.]
