Good afternoon, brothers. Today the market is a gloomy green and the mood has improved. Currently, Bitcoin and Ethereum are undergoing the second wave of an upward trend at a small level. If last night's high point cannot be broken, then today the small level should pull back a bit. For those who like to go long, you can wait near the white line position I provided. As long as the Bitcoin white line position does not break today, the 4-hour level will still trend upwards!
Through the night, this wave of rebounds has prepared the KDJ for Bitcoin and Ethereum to turn upwards at the daily level. Brothers who like to short can lightly enter positions around Bitcoin 905 and 916, and wait near Ethereum 3020 or 3065. After such a significant drop, shorting doesn't make sense as the profit margins are small. Either wait for a major resistance level or go for low longs, which is more appealing.
Today's market analysis:
Today, pay attention to the position 87900. As long as the 4-hour level does not break this position on a pullback, the rebound trend is still there. Continue to pay attention to the resistance levels above around 89400-90400-91600!
If the 4-hour level pulls back and breaks the position 87900 today, then this wave of 4-hour level rebound ends, and continue to pay attention to the support levels below around 96960-86050-85060!
Today, pay attention to the position 2918. As long as the 1-2 hour level does not break this position on a pullback, the bullish trend is still there. Continue to pay attention to the resistance levels above around 2970-3020-3065!
If the 1-2 hour level pulls back and breaks the position 2918 today, then the 1-2 hour level begins to adjust. Continue to pay attention to the support levels below around 2885-2840-2785!
Today, pay attention to the position 877. As long as the 1-2 hour level does not break this position on a pullback, the bullish trend is still there. Continue to pay attention to the resistance levels above around 888-897-908!
If the 1-2 hour level pulls back and breaks the position 877 today, then the 1-2 hour level begins to adjust. Continue to pay attention to the support levels below around 867-856-847!
Today, pay attention to the position 123. As long as the 1-2 hour level does not break this position on a pullback, the bullish trend is still there. Continue to pay attention to the resistance levels above around 127-129-132!
If the 1-2 hour level pulls back and breaks the position 123 today, then the 1-2 hour level begins to adjust. Continue to pay attention to the support levels below around 121-118-115!
[Daily brings you the latest market analysis and precise entry points. Opening long or short positions is for reference only. Manage your positions well, and do not exceed a total position of 2% with 100 times leverage. Discounted transaction fee invitation code: BNB789]
