Hello everyone, I am your cat brother. I got up late today, but it’s not a big problem, because I posted once in the early morning, so it’s okay if the daily line is a little late. 😀
Let's continue to look at today's market, still starting from $BTC
This echoes the article in the early morning. This time, we can't say it after the fact. It would be too much to say it again. Now there is a dense resistance area above the big cake. If you want to maintain the upward trend, you must pay attention to the retracement of 580. If it falls below 580 again, it depends on whether it can get another support above 573, such as 575-578. If it can, then the probability of rushing to 585 next time will increase. "Climbing the grid" is this kind of logic. The price will always run in this range. When the gap between one position and another is too large, it is easy to rise and fall rapidly (recall the situation of the pin last night). Because the bullish trend is obvious, if you go in against the trend at this time, you can only be short. If you are accidentally trapped, don't panic too much. As long as your burst price is reasonable and you can survive the 19th above the estimated limit position (such as above 630), you will get off safely.
It should be noted that the daily middle line 595 is the watershed of the daily level. If it can stand above this price, it will continue to go up to above 610. 605 is still a small resistance level, so I won’t draw it on the chart, as I can’t reach that price for the time being.
Next watch $ETH
Ethereum has consolidated on the middle line, but the upward momentum is still weak and continues to be suppressed by 2370. The lower middle line is 2361, and it is still difficult to maintain the long position. It is mainly due to the problem of Grayscale's shipment. The daily line has risen, but it has become an opportunity to go short. No matter how the daily line rises, the night line US stocks are directly "beaten back to the original shape" as soon as they open. Here we need to see if we can get a support above 2325, such as around 2340. If new support can be obtained here, then the next rebound will have a high probability of rushing to 2370 and stabilizing. The upper resistance level is 2400-2414.
On the daily chart, we can see that the pressure of 2390 is very strong. In fact, 2390~2414 is a connected resistance range. If the momentum of this range is not strong enough, it is very difficult to break through. The daily channel pattern is still a very obvious downward channel, with a low top and low bottom pattern on the channel. We need to pay attention to this. If it appears in the daily level "slow door" pattern, then Ethereum will reach a new low. If it wants to continue to rebound upward, it needs to close the daily line above 2360 at least once.
Next watch $SOL
Sol consolidated on the middle line, a very beautiful pattern. It should be noted that there was no consolidation at 132~135. The suppression at 135.5 is still very obvious. The probability of a direct breakthrough is not high at present. It mainly depends on whether it can get a new support above 133 after the retracement. If not, it will go directly to around 131 after falling below 132.5. The resistance suppression at 138 above is more obvious than 135.5.
The 138 section was difficult to break through originally, as shown in the left frame. It is because of the repeated ineffective breakthroughs that it is now extremely difficult to break through. On the daily chart, sol is still a rebound in a falling channel. Don't have unrealistic fantasies, such as returning to 163 again. If 138 can be broken through, it will be accompanied by a period of accelerated rise, and the price is likely to quickly approach 143.
Finally, let’s take a look at BNB
I thought that BNB would test 523 again in the early morning, but it didn’t. After going up strongly, it directly formed a consolidation support at 529. And it broke through 538. This is much faster than expected. The probability of continuing to rise without looking back is not high. Pay attention to the situation of stepping back to 538. If it does not break the consolidation here, it can continue to rise. If you want to buy more, wait and see. It should be noted that the middle track of the daily level is above 535. Normally, this price will not fall below.
BNB is the only one among the four giants that has long trading pairs at both the 4-hour level and the daily level. If the daily level bullish trend is to be maintained, the price of 535.8 cannot be broken, even by a pin. As long as it is broken, the daily bullish trend will end. I think Binance will not let it fall below this price. So if you want to take more, pay more attention to the retracement of the 535-538 section.
at last:
1. On the left side, you can only buy more at the position where there is a pullback. There is really no way to chase more. Many times, you know that it will continue to rise, but you can't buy halfway up the mountain. This is a congenital defect. Don't let your transactions be neither left nor right.
2. There is no market that only goes up and never goes down, and there is no market that only goes down and never goes up. There will always be opportunities for you to get on board. You just need to be a little more patient, and when the retracement occurs, don't panic. If you have made preparations in advance, then everything is in your plan. And being prepared in advance is a must-do homework on the left side.
3. The left side is always against the trend, but under normal circumstances, it will not go against the general trend, follow the general trend, and go against the small trend. You can try to pattern it, but you need to constantly move the stop loss. For orders against the general trend, you can only short-term, take a bite and leave. For long orders in a downward trend, you must leave immediately after a rebound. Similarly, for short orders in an upward trend, you can only take a bite and leave immediately. Otherwise, you can only suffer endless losses.
