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BTC
Brothers, good afternoon. This morning, without any news, the market started to dip sharply, clearly clearing out the long positions. After clearing, it began a violent rebound, currently up more than 2,000 points. The market pattern is always to dip first and then rally. Currently, on smaller timeframes, it’s rebounding, with an intraday support at 66,500. If the price holds above this level, the market will continue to rebound, with a target resistance at 68,500. If this resistance can be broken, there’s a chance to push higher toward the weekly strong resistance around 71,000. Today just switched to a new weekly candle, so a brief surge above the weekly resistance is still possible. If you hold long positions, watch for support at 66,500; as long as it doesn’t break, you can hold your longs. If it breaks below, exit the position. Longs should wait for dips to 64,000-63,000 before re-entering.
ETH
The daily support zone is at 2010-2000. If the price tests this zone and holds, the small timeframe will continue to rebound. The target resistance for the rebound is 2076. If this resistance is broken, the market could push higher toward the weekly resistance at 2100-2130. If you hold long positions, keep an eye on support at 2000; as long as it doesn’t break, you can hold. If it breaks below, exit. The market may dip again to test the dip zones at 1910-1870.
SOL
SOL’s intraday support is at 82. If the price tests this level and holds, the small timeframe will continue to rebound. The target resistance for the rebound is 84.3-86.5. Breaking through these resistances could push the market higher toward the weekly resistance at 89-90. If you hold long positions, watch support at 82; as long as it doesn’t break, you can hold. If it breaks below, exit. The market may dip again to test the dip zones at 78-75.