Evening Cryptocurrency Market Analysis: Bitcoin, Ethereum, SOL Trends and Key Level Interpretation
Good evening, brothers! The market has finally welcomed a correction, which may be an opportunity for those shorting and those on the sidelines. Currently, Ethereum, BNB, and SOL are showing small-scale corrections with a downward trend, while Bitcoin and BNB have not yet broken below the previous low from this afternoon's spike, making the subsequent trend worth watching. If key levels can be effectively defended, a small-scale rebound can be expected; otherwise, it may trigger a deeper correction.
Here is the night market analysis and key operation levels for various cryptocurrencies:
1. Bitcoin (BTC): Focus on the key level of 103900.
◦ Holding support, strong rebound: If the closing price on the 1-2 hour level remains above 103900, the market is expected to rebound strongly, with resistance levels at 104870, 105860, and 107065.
◦ Breaking support, extending correction: If the closing price on the 1-2 hour level fails to hold above 103900 and the rebound is weak, it may continue to fall. If it breaks below the previous low of 102770, the support levels are 101680, 100700, and 99135.
2. Ethereum (ETH): The key level is 2565 on the 4-hour level.
◦ Stabilizing upwards, challenging resistance: If the closing price on the 4-hour level remains above 2565, there is still upward space after a small-scale pullback, with resistance levels at 2643, 2690, and 2737.
◦ Breaking support, starting correction: If the closing price on the 4-hour level falls below 2564, the 4-hour level will start to correct, with support levels at 2500, 2423, and 2361.
3. SOL: 176.9 on the 4-hour level is the dividing line between bulls and bears.
◦ Holding support, small-scale rebound: If the closing price on the 4-hour level remains above 176.9, it can continue to rise after a small-scale pullback, with resistance levels at 181.1, 184.8, and 189.6.
◦ Breaking support, correction continues: If the closing price on the 4-hour level falls below 176.9, the 4-hour level correction will continue, with support levels at 171.2, 166.1, and 161.1.
The market is volatile, it is recommended to closely monitor the breaking conditions of key levels for each cryptocurrency, strictly set stop losses and take profits, and reasonably control positions. Wishing everyone successful trading and seizing market opportunities!