BTC Good afternoon, brothers. I woke up to find the sky has fallen; trading coins is really overwhelming. Analyzing back and forth, a single piece of news can hit you with a double whammy. It's really tough for us ordinary folks to make money in such a tumultuous market. The information we can access is too limited. Who the hell knew that Israel would launch an attack on Iran so early in the morning? Let’s manage our positions, brothers. Only by managing our positions can we avoid getting liquidated. Today’s massive daily bearish candle has pierced through all the daily support levels; the bullish pattern on the daily chart is broken. After a spike in the market, there will be a small-level rebound. The intraday rebound resistance is at 105000. If this resistance is broken, we’ll look at around 106000. If today’s small-level rebound doesn’t reach 105000, the market will likely make a second downward probe, targeting support at 102600. For a conservative approach, you can wait for the second downward probe in this range to start trying ETH. The concubine really doesn’t play fair; this morning it just happened to hit the 2615 support, rebounded for a moment, and then directly broke through the daily line, crashing through more than a hundred price levels. The daily line pattern has been breached, and the intraday rebound pressure looks at a breakthrough at 2570, then looking at 2644. At least a rebound breaking through 2570 is needed for any strength in the rebound; if it doesn’t break 2570, the rebound strength won’t be too strong before it breaks it. We should guard against the market making a second probe down to 2545.2380. Long positions can wait for the second probe down to catch the rebound. SOL SOL directly dropped to the daily support level near 141, quickly reverting back. On the intraday small scale, we look for a rebound with resistance at 148.153. Near the second resistance level for the rebound, one could attempt to place a defensive short position. If the market can retrace to around 140, one could try to take a small position to profit from the rebound, but remember to set a stop-loss.
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Today's market analysis
BTC
Good afternoon, brothers. I woke up to find the sky has fallen; trading coins is really overwhelming. Analyzing back and forth, a single piece of news can hit you with a double whammy. It's really tough for us ordinary folks to make money in such a tumultuous market. The information we can access is too limited. Who the hell knew that Israel would launch an attack on Iran so early in the morning? Let’s manage our positions, brothers. Only by managing our positions can we avoid getting liquidated. Today’s massive daily bearish candle has pierced through all the daily support levels; the bullish pattern on the daily chart is broken. After a spike in the market, there will be a small-level rebound. The intraday rebound resistance is at 105000. If this resistance is broken, we’ll look at around 106000. If today’s small-level rebound doesn’t reach 105000, the market will likely make a second downward probe, targeting support at 102600. For a conservative approach, you can wait for the second downward probe in this range to start trying ETH.
The concubine really doesn’t play fair; this morning it just happened to hit the 2615 support, rebounded for a moment, and then directly broke through the daily line, crashing through more than a hundred price levels. The daily line pattern has been breached, and the intraday rebound pressure looks at a breakthrough at 2570, then looking at 2644. At least a rebound breaking through 2570 is needed for any strength in the rebound; if it doesn’t break 2570, the rebound strength won’t be too strong before it breaks it. We should guard against the market making a second probe down to 2545.2380. Long positions can wait for the second probe down to catch the rebound.
SOL
SOL directly dropped to the daily support level near 141, quickly reverting back. On the intraday small scale, we look for a rebound with resistance at 148.153. Near the second resistance level for the rebound, one could attempt to place a defensive short position. If the market can retrace to around 140, one could try to take a small position to profit from the rebound, but remember to set a stop-loss.