Good afternoon, brothers. The market has been sideways for a whole night; it has now formed a sideways area at the 4-hour level. As I said, whether it wants to go up or down will depend on the top and bottom of the sideways area. Today is Friday; be careful of a big move. Everyone, please pay attention!
Bitcoin breaking below the bottom of the sideways area will lead to another wave of decline, looking at these two positions near 925-9. Breaking above the top of the sideways area will pull it upwards, looking at the position of 995. Only when it firmly stays above 995 can the daily level correction be considered finished, and this position is also the top of the daily level sideways area!
Today's market analysis:
$BTC Bitcoin did not break below the bottom of the sideways area last night, and it is currently consolidating at the 4-hour level. Pay attention to the position of 95900 today; as long as it stays above this position, the 1-2 hour level will continue to rebound upwards. The upper targets/resistance levels to watch are near 97225-98410-99370!
If it breaks below 95900 today, then the 1-2 hour level rebound will fail and the market will turn bearish. We will look at the previous low of 95180; if it breaks below, it will continue to decline. The lower support levels to watch are near 94200-93510-92475!
$ETH Ethereum just started to rebound after hitting the second support level at night. Pay attention to the position of 3350 today; as long as it stays above this position, the 1-2 hour level will continue to rebound upwards. The upper targets/resistance levels to watch are near 3405-3452-3505!
If it breaks below 3350 today, then the 1-2 hour level rebound will fail and the market will turn bearish. The lower support levels to watch are near 3315-3271-3225!
$SOL SOL has been rebounding from the first support level at night to the top of the sideways area. Pay attention to the position of 189.1 today; as long as it stays above this position, the 1-2 hour level will continue to rebound upwards. The upper targets/resistance levels to watch are near 192.1-195-198.9!
If it breaks below 189.1 today, then the 1-2 hour level rebound will fail and the market will turn bearish. The lower support levels to watch are near 187.2-184.5-180.6!
BNB is currently moving in a small triangle. Pay attention to the position of 691.6 today; as long as it stays above this position, the 1-2 hour level will continue to rebound upwards. The upper targets/resistance levels to watch are near 698.9-707.5-719.7!
If it can't rise above 691.6 today, then the 1-2 hour level rebound will lack strength, continuing to decline. The lower support levels to watch are near 685.7-677.5-671.5!
DOGE just started to rebound after hitting the second support level at night. Pay attention to the position of 0.3135 today; as long as it stays above this position, the 1-2 hour level will continue to rebound upwards. The upper targets/resistance levels to watch are near 0.319-0.323-0.3285!
If it can't rise above 0.3135 today, then the 1-2 hour level rebound will lack strength, continuing to decline. The lower support levels to watch are near 0.3095-0.304-0.296!
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