"3.3 Market Analysis: Rebound Again, But Convergence Not Broken!"

Bitcoin's market surged again yesterday. The resistance levels mentioned in yesterday's analysis were quite accurate for Bitcoin, Solana, and Ethereum. B friends should review their positions. Currently, Bitcoin is still testing the upper boundary of the convergence. This large convergence pattern has not yet indicated a clear direction. Further oscillation and waiting for a breakout are needed. Pay attention to the short-term support and resistance levels that differentiate bullish and bearish trends. During the consolidation, only high short and low long strategies are suitable. On the daily chart, this narrow range will eventually determine a winner, so if you prefer not to trade frequently, just wait patiently. The Bollinger Bands will eventually choose a direction.

$BTC Bitcoin's resistance at 69,200 yesterday was broken, reaching 70,100. Today, observe whether the support at 67,300, the key level for bullish and bearish differentiation, holds for a rebound. If it doesn't rebound, support is at 64,400, and resistance is at 70,900. Watch whether the price quickly pulls back after touching these levels.
$SOL Solana retreated near the 89.8 resistance level mentioned yesterday. Support is at 79.6, resistance at 94. Short-term, continue to monitor the dividing line in the chart to assess the strength of bulls and bears.
$ETH Ethereum retreated near the 2,075 resistance level mentioned yesterday. Today's support is at 1,885, with further support at 1,805. Resistance levels are at 2,115 and 2,190. Short-term bullish and bearish strength should be judged based on the dividing line in the chart.

In summary, the daily narrow range is still ongoing, but patience is key. The convergence will eventually break in a certain direction. Focus on high short and low long operations within the oscillation zone. Hold onto promising trades. With good luck, you can still achieve solid results! If you don't understand the market or can't determine the direction, feel free to join the Chief Analyst community. Click to join the Chief Analyst group (Follow the Chief Analyst for daily market analysis and precise entry points. The bullish and bearish ideas are for reference only. Strict stop-loss and take-profit are recommended).