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Good evening everyone, the rebound during the day just reached the white line level and then declined. Only Bitcoin is relatively weak. After touching the previous low earlier, it started to rebound. This rebound depends on the position of the white line. If it cannot break through the white line, the small time frame will continue to decline. Only a break above the white line will lead to a stronger rebound.
Bitcoin and Ethereum have experienced several consecutive daily declines. Be cautious of a rebound next week, so brothers who have opened short positions should avoid chasing during the decline and wait for the rebound instead. For overnight short positions, wait for the white line level where you can open a small position lightly, or wait for the resistance levels above for a more conservative entry. For long positions, I worry that if the price drops further, the first support level may not hold, so just wait at the second support level! I usually choose to trade at support or resistance levels, sometimes taking small positions.
Night market analysis:
Bitcoin: Pay attention to the 69,580 level tonight. Only if it holds above this level will the 4-hour timeframe start to rebound. Watch the resistance levels around 71,080 - 72,540 - 73,530!
If the 4-hour candle cannot close above 69,580 overnight, it indicates that the small timeframe rebound lacks strength. If it drops further, watch the support levels around 68,180 - 66,920 - 65,590!
Ethereum: Pay attention to the 2,120 level tonight. Only if it holds above this level will the 4-hour timeframe start to rebound. Watch the resistance levels around 2,168 - 2,218 - 2,267!
If the 4-hour candle cannot close above 2,120 overnight, it indicates that the small timeframe rebound lacks strength. If it drops further, watch the support levels around 2,046 - 2,005 - 1,955!
SOL: Pay attention to the 88 level tonight. Only if it holds above this level will the 4-hour timeframe start to rebound. Watch the resistance levels around 90 - 92 - 95!
If the 4-hour candle cannot close above 88 overnight, it indicates that the small timeframe rebound lacks strength. If it drops further, watch the support levels around 86 - 84 - 82!
【Daily market analysis and precise entry points are provided for your reference. Going long or short is for guidance only. Manage your positions carefully. Using 100x leverage at these levels should not exceed 2% of your total capital. Fee discount code: VQCXBLXZVQ
V: CKH2277