Midday Crypto Market Analysis: Bitcoin, Ethereum, SOL Trend Analysis and Trading Suggestions

Good afternoon, brothers! Waking up from a nap, the market is all in red, with bulls smiling and bears likely cursing. Last night, Bitcoin hit the first resistance level before retreating, while Ethereum performed strongly, reaching a new high, which was somewhat unexpected. As the 'big brother' of altcoins, Ethereum's trend has a strong guiding influence on altcoins. Bitcoin, as a representative of mainstream coins, influences the market direction together with Ethereum. Friends trading altcoins must keep a close watch on the trends of Bitcoin and Ethereum.

Although the current market is in an upward trend, blindly chasing the price is not advisable, as there is a high probability of a small-scale horizontal correction after the rally. Patience to wait for a suitable entry point is the wise choice. Below is the market analysis of various cryptocurrencies and key trading levels:

1. Bitcoin (BTC) Market Analysis

Bitcoin retreated after hitting the first resistance level last night, and is currently in a small-scale correction. Focus on the 4-hour key support level at 103180.

1. Bullish trend continues: If the 4-hour price does not fall below 103180, the bullish trend remains strong, with resistance levels at 104870, 105860, and 107065.

2. Correction trend begins: If the 4-hour level falls below 103180, a correction begins, with support levels at 102120, 100700, and 99135.

2. Ethereum (ETH) Market Analysis

Ethereum is currently in a 1-hour correction, with 2612 as the key support level.

1. Strong bullish momentum: If the 2-hour price does not fall below 2612, the bullish strength remains strong, with resistance levels at 2691, 2737, and 2768.

2. Correction trend established: If the 2-hour level falls below 2612, a correction begins, with support levels at 2555, 2490, and 2420.

3. SOL Market Analysis

SOL retreated after hitting the third resistance level last night, currently in a small-scale correction, with 179 as the key support level.

1. Bullish advantage: If the 2-hour price does not fall below 179, the bullish trend continues, with resistance levels at 184.8, 189.6, and 193.7.

2. Correction trend initiated: If the 2-hour level falls below 179, a correction begins, with support levels at 176, 170.7, and 166.1.

The market is quite volatile, so it is recommended to closely monitor the breaking of key levels for each cryptocurrency, strictly set stop-loss and take-profit levels, and reasonably control your positions. Wishing everyone smooth trading and seizing market opportunities.