Happy weekend, brothers! Last night, a wave of decline arrived as expected, just dropping to the position for going long on the big pie that was discussed in yesterday's midday market analysis. It started to rebound after falling into the 90s. In the past two days, neither side could trap anyone; the market has just been going up and down. However, next week may not be so fortunate with the interest rate hike in Japan on the 19th. We are waiting for further declines, so as long as there are opportunities for rebounds, short positions can be positioned!
The market fluctuations over the weekend are not significant. Today’s rebound depends on the white line position I provided. Only if it stabilizes above the white line will the rebound be strong. If it cannot reach the white line, it indicates that the rebound lacks strength, and we will look at the previous low. As long as the previous low is not broken, a sideways range will form at the bottom, with minor fluctuations in both directions!
Today's market analysis:
Pay attention to the 90600 level today; only if it holds above this level for 1-2 hours can we start to see a rebound. The resistance levels above to watch are around 91360-92500-93470!
If it cannot stand above 90600 today, it indicates a lack of strength in the rebound. If it continues to fall, the previous low of 893 is the next watch point. If it doesn't break, it can still rebound; if it breaks, the support levels below to watch are around 87700-86230-84000!
Pay attention to the 3100 level today; only if it holds above this level for 1-2 hours can we start to see a rebound. The resistance levels above to watch are around 3155-3210-3265!
If it cannot stand above 3100 today, it indicates a lack of strength in the rebound. If it continues to fall, the previous low of 3041 is the next watch point. If it doesn't break, it can still rebound; if it breaks, the support levels below to watch are around 2980-2915-2867!
The BNB whale is showing consideration, accurately hitting the first support level before starting to rebound. This rebound is quite strong; pay attention to the 881 level today. As long as it holds above this level for 1-2 hours, we can look towards the resistance levels above at around 894-905-915!
If it breaks below the 881 level today, then this bottom rebound will end. The support levels below to watch are around 870-859-845!
Pay attention to the 133 level today; only if it holds above this level for 1-2 hours can we start to see a rebound. The resistance levels above to watch are around 136-139-142!
If it cannot stand above 133 today, it indicates a lack of strength in the rebound. If it continues to fall, the previous low of 130 is the next watch point. If it doesn't break, it can still rebound; if it breaks, the support levels below to watch are around 127-125-123!
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