币圈科长
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《12.4 Market Analysis: After the Top is Done, It Will Rise and Fall, Returning to Fluctuation》
Today's market once again validated several resistance levels mentioned yesterday. Bitcoin 94200, SOL147, ETH3240-3250, these three positions were all mentioned in yesterday's analysis, and it reminded you that when your long position reaches the key resistance level, it should be exited. This is because there is a possibility of continuing to form a top range here; however, this head is a double top or triple top, and it is still unknown. We can only wait for the market to unfold to know. After this top materializes, the daily line will likely fall back to around 90,000 and continue to fluctuate, estimated to be next week.
$BTC Bitcoin this morning touched the resistance of 94200 and fell back, today's short-term support is at 91300. If it does not break below this level and instead rebounds, there is a possibility of continuing to rebound to form a top, with resistance levels at 94800 and 95300. The subsequent larger support range is between 90200-90600.
$SOL The SOL is actually very close to the resistance level of 147 mentioned yesterday. Here, it is best not to open shorts again on the second visit to 147, adhering to the principle of minimizing positions on the second visit. The support below at 141, if not broken, may continue to rebound and form a top. Resistance can be referred to at 146 and 153. Further down, support is at 137.
$ETH Ethereum's two resistance levels given yesterday both responded accordingly, at 3150 and 3240, both leading to corrections. The subsequent support to watch is 3030; if it does not break below this level, there may be a slight rebound. If it breaks directly below 3030, the support below is at 2915. If it goes strong, resistance is at 3330.
In summary, if today's key support levels are not broken, it may continue to complete this top pattern. Subsequently, Bitcoin will rise and fall, and the daily line will return to around 90,000 to continue fluctuating. The overall market will revert to a narrow range with smaller fluctuations. At that time, it will also be suitable for short-term trading. Overall, do not have too many expectations for the December market. #币安区块链周 (Follow the manager for daily updates on the latest market analysis and precise entry points, long and short are only for reference by B friends, strict stop-loss and take-profit. Manager's exclusive discount for fees with invitation code KEZHANG888) 点击加入科长社群
Today's market once again validated several resistance levels mentioned yesterday. Bitcoin 94200, SOL147, ETH3240-3250, these three positions were all mentioned in yesterday's analysis, and it reminded you that when your long position reaches the key resistance level, it should be exited. This is because there is a possibility of continuing to form a top range here; however, this head is a double top or triple top, and it is still unknown. We can only wait for the market to unfold to know. After this top materializes, the daily line will likely fall back to around 90,000 and continue to fluctuate, estimated to be next week.
$BTC Bitcoin this morning touched the resistance of 94200 and fell back, today's short-term support is at 91300. If it does not break below this level and instead rebounds, there is a possibility of continuing to rebound to form a top, with resistance levels at 94800 and 95300. The subsequent larger support range is between 90200-90600.
$SOL The SOL is actually very close to the resistance level of 147 mentioned yesterday. Here, it is best not to open shorts again on the second visit to 147, adhering to the principle of minimizing positions on the second visit. The support below at 141, if not broken, may continue to rebound and form a top. Resistance can be referred to at 146 and 153. Further down, support is at 137.
$ETH Ethereum's two resistance levels given yesterday both responded accordingly, at 3150 and 3240, both leading to corrections. The subsequent support to watch is 3030; if it does not break below this level, there may be a slight rebound. If it breaks directly below 3030, the support below is at 2915. If it goes strong, resistance is at 3330.
In summary, if today's key support levels are not broken, it may continue to complete this top pattern. Subsequently, Bitcoin will rise and fall, and the daily line will return to around 90,000 to continue fluctuating. The overall market will revert to a narrow range with smaller fluctuations. At that time, it will also be suitable for short-term trading. Overall, do not have too many expectations for the December market. #币安区块链周 (Follow the manager for daily updates on the latest market analysis and precise entry points, long and short are only for reference by B friends, strict stop-loss and take-profit. Manager's exclusive discount for fees with invitation code KEZHANG888) 点击加入科长社群
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SOL
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