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2024.12.5 BTC/ETH/BNB/SOL/DOGE Intraday Market Analysis:
Doubts will not disappear, but faith will eventually pay off. Good afternoon, brothers. Today is a good day. As everyone wished, we really saw BTC starting with 1, but unfortunately the unit price is tens of thousands. BTC has been growing amidst doubts, and in the end, whether you agree or not, it will rise to a price you cannot afford!
It turns out that you can make money without working! This is not a lie. A few days ago, altcoins rose and all the new suckers were laughing, but BTC's rise was just a carnival for the old suckers. After BTC's rise, altcoins collectively pulled back. However, don't worry, after BTC's rise, altcoins will surely rise. When BTC's pullback is over, the altcoin brothers who like to play can lie in ambush!
Today's market analysis:
BTC fell below the first support level of 95010 last night and began to rise. Who wouldn't be confused about this pull-up? The previous high was directly broken and a new historical high was reached!
To see if BTC continues to pump, we need to look at the previous high in the morning. Everyone needs to use their own brain to think about what happens next. Keep an eye on the support levels around 10880-99230-97980 for a possible pullback today!
ETH fell below the second support level of 3740 last night and started to rise to the second resistance level, then fell back to the first support level before pulling back to the second resistance level, equivalent to inserting the support level twice and the resistance level twice!
Pay close attention to the 3835 level of ETH today. As long as it stays above this level on the 1-hour chart, the market will continue to rise. The resistance levels to watch above are around 3876-3912-3950!
If it falls below 3835 today, a pullback will start on the hourly level, pay attention to the support levels around 3803-3770-3736 for retracement!
SOL has been completely suppressed by ETH. After hitting the second support level last night, it started to rebound and then broke through the second support level again, pulling up to the first resistance level!
Today, pay close attention to the 233 level. As long as the 4-hour timeframe stays above this level, the 4-hour timeframe will start to rise, with the target resistance level around 241-245-248!
If the 4-hour level falls below the 233 position today, the market will still not go up, pay attention to the nearby positions of 227.7-223.2-219.3 for a pullback to the support level below!
BNB used too much force yesterday, and there were more falls, and the fall broke the second support level at night Rebound and continued to fall, and the current 4-hour level began to pullback!
Pay attention to the 727 level today. Only when it stabilizes above this level on the hourly chart can it start to rebound. The target/resistance level above is around 744-767-793 (once it stabilizes above 744, this pullback will end).
If today cannot break through 727, the pump will lack strength and continue to fall towards the support levels around 712.5-690-668.8 below!
DOGE fell below the first support level at night and started to rise. It broke through the third resistance level and has always been slow in following the trend of BTC. When BTC rises, it rises too!
Pay attention to the 0.424 level today. As long as it stays above this level on the hourly chart, the market will continue to rise. Watch out for the following targets/resistance levels near 0.453-0.464-0.48!
If it falls below 0.424 today, a pullback will start at the hourly level, pay attention to the support levels around 0.412-0.4-0.388 for retracement!
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