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2.22 Night Market Analysis๐
The market is not optimistic, and the bulls still see no hope; the rebound pattern has broken down! Continue to short on the rally,
โ ๏ธ Pay close attention to the support levels at 66,500๏ฝ65,600 during the night. If support holds, go long again; if it breaks, head straight to the support levels at 62,500 and 61,000๏ฝ60,000 as shown in the daytime chart.
The market has been fluctuating within a narrow range for a long time. Since it cannot rebound to test the previous high, a second bottom test is inevitable!
โ ๏ธ Resistance for the rebound is at 68,000๏ฝ68,500. If the daily chart cannot stabilize here, continue to short. Only if the daily chart stabilizes here will it be a sign of bullish strength.
ETH
โ ๏ธ Watch for a pullback to support at 1920๏ฝ1894. If going long, set a stop loss at 1880.
Strong support is at 1830๏ฝ1750.
We need some negative news to push it there; without news, it might continue to fluctuate for a few more days!
โ ๏ธ Nighttime resistance for the rebound is at 1965๏ฝ2000.
Aggressive traders can short here.
If the rebound breaks through this resistance zone, the bears can continue to enter between 2038๏ฝ2100.
SOL
SOL support is at 81; if broken, look at the 79๏ฝ77 range.
Nighttime resistance is at 85๏ฝ87.