Dear cryptocurrency friends, the plunge of Bitcoin yesterday afternoon was quite exciting, wasn’t it? I mentioned in yesterday's analysis that it was time to take action around 100,000, and it seems I was pretty accurate! What should we do in the next few days? Let me share my thoughts. Friendly reminder: This article is purely my personal review and does not constitute any investment advice, just for your enjoyment, trade wisely without following the crowd.
Bitcoin might still drop; we need to watch the three levels of 92,000, 88,000, and 85,000 closely. If it really drops, we can buy some spot in batches with small positions, aiming for steady gains!
As for $BNB, it's still fluctuating between 670 and 710. Participating in the launchpool is quite worthwhile; locking it up can also earn airdrops, and the selling pressure isn't too great, with many loyal fans, making it quite stable. The launchpool is essentially the exchange's way of protecting long-term holders.
Ethereum $ETH is also following Bitcoin, fluctuating between 3100 and 3700. If it really approaches around 3000, that would be a good opportunity for us to get on board.
Now back to today's daily $BTC market technical analysis. From the candlestick chart, the 1-hour level is sideways, the 4-hour level is down, the 12-hour level is down, and the daily level is down. The intraday resistance level is 99,000, and the support level is 92,800 dollars.