#bianacepizza 5.18 Market Analysis: Bitcoin, Ethereum, BNB, SOL
Brothers, after yesterday's market dip, it stabilized at a smaller level and gradually rose at midnight. There may be significant market movements this evening. Currently, Bitcoin is forming a triangle pattern on the daily chart, accumulating strength while waiting for a directional decision. If it struggles to break through the previous highs and lows, it is likely to continue oscillating.
From the daily chart perspective, if Bitcoin cannot close above 103400 in the morning, a correction may begin; the key level for Ethereum on the daily chart is at 2495. If a correction occurs at the daily level, one can consider opening long positions at the support levels below.
Today, the position of Bitcoin at 103390 is crucial. Only if it stabilizes above this on the 4-hour chart can this correction be considered over, and the market may continue to rise, with resistance levels at 104200 - 104900 - around 105800.
If it cannot stabilize above 103390 on the 4-hour chart, it indicates weakness in the smaller level rebound and will continue to retrace, with support levels to watch at 102500 - 101400 - around 100600.
For Ethereum, pay attention to the position at 2495. If it stabilizes above this on the 4-hour chart, the correction will end and the market may continue to rise, with resistance levels at 2535 - 2560 - around 2600.
If it cannot hold above 2495, the smaller level rebound will be weak, with support levels to watch at 2445 - 2405 - around 2360.
BNB touched the first support level at midnight and has since rebounded; currently, it is in a rebound phase on the 1 - 2 hour chart. Today, pay attention to the position at 643.5; if it stabilizes above this on the 4-hour chart, a rebound may begin, with resistance levels at 650 - 654.7 - around 660.4.
If it cannot hold above this, it will continue to retrace to the support levels at 636.2 - 631.4 - 627.5.
SOL also rebounded after touching the first support level at midnight; currently, it is rebounding on the 1 - 2 hour chart. Today, pay attention to 167.9; if it stabilizes above this on the 4-hour chart, a rebound may unfold, with resistance at around 170 - 174 - 178.3.
If it cannot hold above this, it will retrace to support levels at 164.3 - 161 - 158.5.