#BTC Market Analysis
Market analysis today
My brothers, good afternoon, after the price of Bitcoin stabilized at the 104373 level in the last hour, it began to implement a small rebound, reaching a high of 105,800. It has now started to retreat, but has not broken the resistance level at 106,300. Currently, the small level is broken again, and the rebound force has weakened. You should focus on the higher pressure level at 105,000 during the day. Only if the price stabilizes at the hourly level at this pressure, the rebound will continue upwards, with pressure targets at 106,300 and 107,000. As long as the price does not stabilize at 105,000 at the hourly level, the market should be considered in decline, especially as the daily trend remains on a corrective path. The lower support targets are 103,700, 103,000, and 102,000. It is advisable to start trying to buy near 102,000.
The option contracts returned last night and began to retreat near the first pressure level at 2550. Currently, the support level has been broken again on the smaller time frame, and the upper pressure still remains at 2515. During the day, only if there is a close on the four-hour timeframe above this fixed level, there will be a chance for prices to continue rising. The upper target is still at 2550 and 2580. Until there is a close on the four-hour timeframe above 2515, the downtrend will remain. The lower support target is 2455. If this level is broken, the range will be 2350 and 2300. It is advisable to try to open buy positions within this range.
The SOL coin has declined after bouncing near the resistance level of 158. Currently, the resistance level on the four-hour chart has been broken, with a small resistance level at 156. The next hour must close above this level again to establish stability, so that the price movement continues to rise. The next target for the resistance level is 161.167. Before the coin stabilizes at 156, the small levels will continue to decline, with a targeted support at 150.145.140.
