Happy weekend, brothers! Did everyone make money this week? Bitcoin reached a new historical high on the 5th. Based on the 3-day line, the MACD bullish momentum is weakening, and it should not reach a new high in the short term.
As long as Bitcoin does not experience a significant pullback, Ethereum will catch up. For Ethereum, focus on the resistance level of 4100, which is this year's previous high. After breaking through, we will look at the historical high of 4888. As long as Ethereum catches up, there will be a great opportunity for alternatives, mainly focusing on buying on dips!
Today's market analysis:
$BTC Bitcoin surged directly to the second resistance level overnight and then began to pull back. Currently, it is in a pullback on the 1-2 hour level.
Pay attention to the level of 99660 today. As long as the 1-2-4 hour levels stay above this level, this pullback will end, and the market will start to rise. Pay attention to the target/resistance levels around 101978-103235-104636!
If the price drops below 99600 on the 1-hour level today and then fails to rebound, the market will not go up and will continue to fall. Pay attention to the support levels around 97767-96420-95390!
$ETH Ethereum surged directly to the second resistance level near 4092 overnight and then began to pull back. Unfortunately, the resistance level I provided was 4095 (with a deviation of 3). Currently, it is in a pullback on the 1-hour level.
Pay attention to the level of 4025 today. As long as the 1-hour level stays above this level, this pullback will end, and the market will start to rise. Pay attention to the target/resistance levels around 4058-4090-4130!
If the price does not reach 4024 today, then the market will not go up and will continue to fall. Pay attention to the support levels around 3970-3930-3894!
$SOL SOL surged directly to the first resistance level overnight and then began to pull back. Currently, it is in a pullback on the 4-hour level, while the 1-2 hour level is bearish.
Pay attention to the level of 237 today. As long as it stays above this level, the 1-2 hour level will start to rebound upwards. Pay attention to the target/resistance levels around 240.7-245.1-248.8!
If the price does not stay above 237 on the 1-hour level today, it indicates that the rebound lacks strength and will continue to fall. Pay attention to the support levels around 233.5-230.9-226.3!
BNB surged to the first resistance level overnight, then dropped and went back up. Currently, it is bullish on the 1-2-4 hour levels.
Pay attention to the level of 727.4 today. As long as the 1-2-4 hour levels stay above this level, this pullback will end, and the market will start to rise. Pay attention to the target/resistance levels around 750-769-793.7!
If the price drops below 727.4 today, then the smaller timeframe will start to pull back, continuing to fall. Pay attention to the support levels around 750.5-690-675.6!
DOGE has not had much fluctuation overnight. Pay attention to the level of 0.433 today. As long as it stays above this level, all timeframes are bullish. Pay attention to the target/resistance levels around 0.442-0.454-0.467!
If the price does not stay above 0.433 today, it indicates that the market will not go up and will continue to pull back. Pay attention to the support levels around 0.423-0.412-0.4!
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