The price of Bitcoin has recently fallen below the $100,000 mark, confirming that the pullback of the major swing trading 3 has officially taken effect. After a continuous rise for 7 weeks and nearly two months, the market seems to be providing profit opportunities for short positions. From a technical analysis perspective, it is crucial to focus on the support levels at the 0.382 and 0.50 Fibonacci retracement positions.
In terms of Bitcoin, the 0.382 pullback level is around $97,650, while the 0.50 pullback level is at the $93,208 level.
The Ethereum market performance is also noteworthy. The 0.382 retracement level is around $2308. After a sharp decline this morning, it rebounded to near this level and has now turned into a resistance zone. The 0.50 retracement level is around $2132, close to the $2000 round number, where a technical rebound usually occurs. If it moves further down, the 0.618 retracement level at $1956 will become the first important support point after breaking the $2000 level.
Solana has fallen below the 0.618 pullback level of $130.5, indicating that it has entered the next small swing trading adjustment, with a recent low of $120.85. If this support level cannot be held, the next key support will be around $104.25.
Overall, mainstream crypto assets are undergoing a round of technical adjustment, and investors should follow the performance of key support levels, which may determine the short-term market direction.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
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rekt_but_not_broke
· 11h ago
Is this little pullback really called a fall?
Reply0
Lonely_Validator
· 06-22 16:51
It is once again the best time to buy the dip.
Reply0
BearMarketHustler
· 06-22 16:51
It's our familiar get out of positions point again.
Reply0
DegenGambler
· 06-22 16:51
Fall is just a fall; I am used to it.
Reply0
WealthCoffee
· 06-22 16:49
Finally waiting! The time to buy the dip has come.
The price of Bitcoin has recently fallen below the $100,000 mark, confirming that the pullback of the major swing trading 3 has officially taken effect. After a continuous rise for 7 weeks and nearly two months, the market seems to be providing profit opportunities for short positions. From a technical analysis perspective, it is crucial to focus on the support levels at the 0.382 and 0.50 Fibonacci retracement positions.
In terms of Bitcoin, the 0.382 pullback level is around $97,650, while the 0.50 pullback level is at the $93,208 level.
The Ethereum market performance is also noteworthy. The 0.382 retracement level is around $2308. After a sharp decline this morning, it rebounded to near this level and has now turned into a resistance zone. The 0.50 retracement level is around $2132, close to the $2000 round number, where a technical rebound usually occurs. If it moves further down, the 0.618 retracement level at $1956 will become the first important support point after breaking the $2000 level.
Solana has fallen below the 0.618 pullback level of $130.5, indicating that it has entered the next small swing trading adjustment, with a recent low of $120.85. If this support level cannot be held, the next key support will be around $104.25.
Overall, mainstream crypto assets are undergoing a round of technical adjustment, and investors should follow the performance of key support levels, which may determine the short-term market direction.