Good morning, brothers. Sorry for not updating for several days as I went back home to handle personal matters. One day of absence feels as long as three 8-hour shifts. I miss you!
Today marks the end of the weekly close; the day after tomorrow we will have the monthly close, quarterly close, half-year close, and yearly close. I feel that the first half of next month should be very exciting; let's wait and see!
Looking at the big picture, currently it is the third wave of decline on the 4-hour level. The previous daily low of 925 is crucial. If it does not break below, a rebound will continue; if it breaks, there will be a big drop!
Bitcoin rebound weekly resistance levels: 945-97560-99950 Support levels: 93050-94460-9
Ethereum rebound weekly resistance levels: 3350-3547-3620 Support levels: 3300-3215-3100
Today's Market Analysis:
$BTC Currently, Bitcoin is in a pullback on the daily level while other levels are bearish. Today, pay attention to the position of 93898. Only if it stays above this position will there be a rebound on the 1-hour level. The upper target/resistance levels to watch are around 94180-94563-95245! (If it stays above 95245, the 4-hour level will start to rebound.)
If it does not stay above the position of 93898 today, it indicates that the rebound lacks strength, and we should continue to watch the lower support levels around 93050-92457-91480!
$ETH Ethereum is currently in a pullback on the daily level while other levels are in a bearish trend. Today, focus on the position of 3380. Only if it stays above this position will there be a rebound on the 2-4 hour level. The upper target/resistance levels to watch are around 3406-3443-3501!
If it does not stay above the position of 3380 today, it will continue to consolidate or decline. The lower support levels to watch are around 3338-3306-3271!
$SOL Currently, SOL is in a minor pullback on the daily level. Today, pay attention to the position of 193. Only if it stays above this position will this minor pullback end and start to rise. The upper target/resistance levels to watch are around 195.3-197.5-199.7!
If it does not stay above the position of 193 today, it will continue to consolidate or decline. The lower support levels to watch are around 189.7-186.6-184.1 (As long as it does not break below 189.7 today, the daily level is still bullish.)
BNB is currently in a pullback on the 4-hour level while other smaller levels are bearish. Today, watch the position of 700. Only if it stays above this position will there be a rebound on the 1-hour level. The upper target/resistance levels to watch are around 705.7-711.3-718.8! (If it stays above 711.3, the 4-hour level pullback will be completed and the market will start to rise.)
If it does not stay above the position of 700 today, it indicates that the rebound lacks strength, and we should continue to watch the lower support levels around 692.4-685.7-677.6!
DOGE is currently in a pullback on the daily level while other levels are bearish. Today, pay attention to the position of 0.3162. Only if it stays above this position will there be a rebound on the 1-hour level. The upper target/resistance levels to watch are around 0.3206-0.324-0.3294! (If it stays above 0.3206, the 2-4 hour level will start to rebound.)
If it does not stay above the position of 0.3162 today, it indicates that the rebound lacks strength, and we should continue to watch the lower support levels around 0.3095-0.3048-0.2962!
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