🤞🏻1.24 afternoon market views.🤞🏻
$BTC view:
The large coin has tested the support at 88505 four times without breaking it, indicating that someone is defending this position to prevent the price from falling.
Furthermore, during the second test of 88505, a bullish engulfing pattern appeared, and it subsequently began to rise back into the flag formation. The large coin wants to continue breaking upward through the flag, but the resistance at 91342 combined with the flag creates a dual resistance that cannot be broken in one go. After that, a pullback started, and the area marked by the white box formed a evening star pattern, leading to another break below the flag and returning to below the flag.
As long as the large coin does not break below 88505, it will not continue to decline. The closer it gets to 88505, the more opportunities you have to go long on the left side. If it cannot return to running within the flag, it will oscillate in the range of 88505-89802. Only by returning to the flag formation to consolidate can there be a chance to break 91342. Moreover, the large coin has already broken the previous high of 90500. If it does not break below 88505, it will not create a lower low, and a rebound is inevitable. A breakthrough at 91342 will again change the trend, and we are currently only in the rebound stage.
The large coin breaks through 89891 with volume, and you can long on the right side. If it breaks down to 89466 with volume, it cannot recover; short on the right side and take profit during the pullback. Make sure to set stop losses.
For the large coin, if it breaks 89802 on the hourly level, look upwards at 90546-91180. It needs to stabilize at 89802 to take off.
On the 4-hour level, breaking 89442 looks down at 88496-87400.
Upper resistance at 89802-90546-91180
Lower support at 89389-88505-87200
$ETH ideas:
The second coin breaks through 2968 with volume; long on the right side and set stop losses.
2957 breaks down with volume; short on the right side and set stop losses.
Pullback to 2900 confirms valid support for an additional long position.
Break below 2863, set stop losses.
The second coin stabilizes at 2969 on the hourly level, looking upwards at 3005-3043.
Pay attention to the second coin above 3043 for a short position.
Breakthrough at 3090, set stop losses.
Left side limit order: 2838 long, break below 2800, set stop losses.
Upper resistance at 2969-3005-3043
Lower support at 2938-2900-2863
On the 4-hour level, breaking 2929 looks down at 2888-2821. Although the second coin has broken through the bullish flag, it has not stabilized above the resistance of 3009, and the previous high shows that the second coin is a bit weak. As long as the second coin can maintain its position above the flag today, if it breaks the flag, it still stands by the previous low. Only by stabilizing at 3009 can a new round of upward movement begin, meeting adjourned.
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