Happy weekend, brothers! The market had a surge last night but lacked strength afterward. The rebound of the major coin does not have much strength, but the good news is that it has reached the daily level prices for both bulls and bears. Today, we will see if 845 can hold. If it holds, the next big target will be around 866. If it can't hold, it will need to test lower levels!
Looking at the trend of the major coin from the daily level, the rebound after hitting the bottom this time is not very strong. The first drop to 782 rebounded to around 949 in three days (21 points), the second drop to 812 rebounded to around 972 in three days (14 points), and this time after hitting 765, it has only rebounded to around 852 on the fourth day (10 points).
From the above data, it can be seen that the rebound is getting weaker, indicating that people's confidence is gone. In the spot market, one can only wait for opportunities in the medium to long term, or play around with short-term fluctuations. The biggest opportunities lie in contracts, and there are greater chances of making money with high short positions. As the market shifts from bullish to bearish, now that it shifts from bearish to bullish, high short positions should be prioritized!
Today, the weekend market fluctuations are not very large. These two days will form a consolidation at a high level, and it is expected that a direction will emerge on Sunday night. For these two days, either take a good rest or engage in short-term trading with high shorts and low longs in the consolidation zone!
Today's market analysis:
$BTC The major coin is currently consolidating on the 4-hour level. Today, pay attention to the bottom of the consolidation zone at 83660 and the top at 85250. As long as it does not break below or above these levels on the 4-hour chart, it will remain in a wide range of fluctuations within the consolidation zone. After breaking above the top of the consolidation zone at 85250, look at the positions around 86580-88985!
If the 4-hour close today breaks below the bottom of the consolidation zone at 83660, then the support levels to watch below are around 82620-81322!
$ETH Ethereum is currently consolidating on the 4-hour level. Today, pay attention to the bottom of the consolidation zone at 1902 and the top at 1944. As long as it does not break below or above these levels on the 4-hour chart, it will remain in a wide range of fluctuations within the consolidation zone. After breaking above the top of the consolidation zone at 1944, look at the positions around 1970-2020!
If the 4-hour close today breaks below the bottom of the consolidation zone at 1902, then the support levels to watch below are around 1873-1838!
$BNB BNB is rising slowly at night and has now reached the second resistance level. Today, pay attention to the position at 589. As long as it does not break below this level in the 1-2 hour chart, the market will continue to rise. The upper resistance levels to watch are around 595.7-605-611.8!
If the 1-2 hour chart breaks below the position at 589 today, then the 1-2 hour level will start to correct, and the support levels to watch below are around 583-576.5-570.7!
SOL is rising slowly at night and has now broken through the first resistance level. Today, pay attention to the position at 132.3. As long as it does not break below this level in the 1-2 hour chart, the market will continue to rise. The upper resistance levels to watch are around 136-139.6-144.7!
If the 1-2 hour chart breaks below 132.3 today, then the 1-2 hour level will start to correct, and the support levels to watch below are around 128.6-124.5-121.3!
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