Last night's surge, what do the brothers who shorted say, did they overeat? The rise from good news is like a man eating X, it's not lasting. The market analysis last night encouraged everyone to short near a major resistance level. Bitcoin was shorted in the range of 90-906, dropping from around 90360 to the second support level near 85260, a drop of more than 5 points. Ethereum suggested to everyone at 3025, peaked at 3030 and dropped to 2890, a drop of more than 7 points. Baby, when I feed you, you just need to open your mouth, is that okay!
In the past few days, the intraday analysis at noon and night has been urging everyone to short, and the live broadcast has also encouraged everyone to short at the current price. Every day we can catch a wave, sometimes up to 2 waves, indicating that the direction is correct. Japan is set to raise interest rates tomorrow. During this period, will there be another big drop? It's really hard to say, but I will just say one thing: there are no expectations for good news in the next month, and the favorable news on interest rate cuts has just ended. Even without the negative effect of rate hikes, I believe the market will still go down; the rate hikes have just accelerated it. I believe everyone can understand what I'm trying to express!
Since there has already been a big drop overnight, let's see a rebound during the day today. As long as it can stay above the white line position, the strength of the rebound will be greater. Wait for shorts near the resistance levels. If it can't rise above the white line, it will continue to retest. Pay attention to the previous low before the overnight spike; the rebound should focus on shorting!
Today's market analysis:
Bitcoin pay attention to the position 87000 today. Only if it stays above this position for 4 hours can it start to rebound. Continue to pay attention to the resistance levels nearby 88000-89080-90300!
If it cannot stay above 87000 today, it indicates that the small-level rebound lacks strength, and it will continue to decline. Pay attention to the support levels nearby 85220-83830-82170!
Ethereum pay attention to the position 2860 today. Only if it stays above this position for 1-2 hours can it start to rebound. Continue to pay attention to the resistance levels nearby 2900-2945-2980!
If it cannot stay above 2860 today, it indicates that the small-level rebound lacks strength, and it will continue to decline. Pay attention to the support levels nearby 2790-2761-2720!
BNB pay attention to the position 847 today. Only if it stays above this position for 1-2 hours can it start to rebound. Continue to pay attention to the resistance levels nearby 859-876-892!
If it cannot stay above 847 today, it indicates that the small-level rebound lacks strength, and it will continue to decline. Pay attention to the support levels nearby 833-815-801!
SOL pay attention to the position 124 today. Only if it stays above this position for 1-2 hours can it start to rebound. Continue to pay attention to the resistance levels nearby 126-130-134!
If it cannot stay above 124 today, it indicates that the small-level rebound lacks strength, and it will continue to decline. Pay attention to the support levels nearby 121-117-112!
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