Good afternoon, brothers. Looking at the market for Bitcoin and Ethereum, it's not very optimistic. Yesterday’s discussion was just a 4-hour level rebound. The strength of this rebound seems weak, and the possibility of a reversal is too low. If this wave breaks the previous low, it will initiate the fifth wave of decline; if it does not break the previous low, it will continue to fluctuate widely!
Currently, the one-sided upward trend has ended, and the weekly level has begun to fluctuate widely. During this period before Trump took office, there hasn’t been much news, which is a vacuum period. It is highly likely to be a washout up and down. Therefore, for those trading contracts, do not be too ambitious; after making a profit, be sure to set a break-even stop or a trailing stop. Market reversals can happen faster than a woman's change of face, so do not let profits turn into losses!
Today's market analysis:
$BTC Bitcoin has been consolidating near the first support level at night. Today, pay attention to the position of 97565. Only by stabilizing above this level can rebounds occur at the 1-2-4 hour levels. The upper target/resistance levels to watch are near 99155-100900-102816!
If today the 4-hour level cannot hold above the position of 97565, it indicates that the rebound lacks strength and will continue to decline. Pay attention to the bottom of the consolidation zone at 96380. If it does not break, it will continue to consolidate; if it breaks, the support levels to watch below are near 94850-93613-92300!
$ETH After hitting the first support level at night, Ethereum began to rebound at a smaller level. Today, pay attention to the position of 3387. Only by stabilizing above this level can rebounds occur at the 1-2-4 hour levels. The upper target/resistance levels to watch are near 3440-3488-3550!
If today the 4-hour level cannot hold above the position of 3387, it indicates that the rebound lacks strength and will continue to decline. Pay attention to the support levels near 3295-3240-3200!
$SOL After hitting the first support level at night, SOL began to rebound at a smaller level. Today, pay attention to the position of 181.7. Only by stabilizing above this level can a rebound occur at the 1-hour level. The upper target/resistance levels to watch are near 188.7-196.2-201.6!
If today the 1-hour level cannot hold above the position of 181.7, it indicates that the rebound lacks strength and will continue to decline. Pay attention to the support levels near 175.5-166.3-157.6!
After hitting the first support level at night, BNB started to consolidate at a smaller level. Today, pay attention to the position of 667.8. Only by stabilizing above this level can a rebound occur at the 1-2 hour level. The upper target/resistance levels to watch are near 676.9-692.4-704.4!
If today the 1-2 hour level cannot hold above the position of 667.8, it indicates that the rebound lacks strength and will continue to decline. Pay attention to the support levels near 652.9-642.3-630.7!
After hitting the first support level at night, DOGE began to consolidate at a smaller level. Today, pay attention to the position of 0.323. Only by stabilizing above this level can rebounds occur at the 1-2-4 hour levels. The upper target/resistance levels to watch are near 0.335-0.349-0.366!
If today the 1-2 hour level cannot hold above the position of 0.323, it indicates that the rebound lacks strength and will continue to decline. Pay attention to the support levels near 0.306-0.296-0.288!
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