Good afternoon, babies! The weekend market fluctuations are not large, are you sleeping soundly~ After a slight dip in the market yesterday, it stabilized at a small level and gradually rose overnight. Today, on this Sunday, the focus is on whether a big trend can emerge this evening. Currently, the daily chart of Bitcoin has formed a triangular consolidation pattern, gathering strength to choose a direction. If it does not break through the previous highs and lows, it is likely to continue oscillating.
Note: If Bitcoin's daily close tomorrow morning cannot stabilize above 103400 (presumed unit is USDT), the daily level may start a pullback; similarly for Ethereum, pay attention to the daily support level of 2495, if it pulls back, you can lay down long positions at the lower support.
Today's market analysis
• Bitcoin (BTC):
Focus on the 4-hour support level of 103390, if it stabilizes, the pullback ends and the market continues to rise, with upper resistance levels at 104250-104940-105860; if it cannot stay above 103360, the rebound will lack strength and will retest the support levels of 102540-101460-100670.
• Ethereum (ETH):
The 4-hour level needs to stabilize above 2495 to confirm the end of the pullback, looking up at resistance levels of 2534-2563-2600; if it cannot stabilize above, continue to retest the support levels of 2445-2406-2361.
• SOL:
Last night it accurately touched the first support level and rebounded, today focus on the 4-hour support level of 167.9, if it stabilizes, it will initiate a rebound, looking up at 170-174-178.3; if it fails to hold, it will test the support levels of 164.3-161-158.5.
Maintain a light position over the weekend and observe, focusing on the direction of the daily close this evening and tomorrow, and remember to set good stop-losses~