🔔 BTC-ETH-SOL-BNB Market Analysis: 🔥🔥🔥
BTC has seen a significant decline over the past week due to the Federal Reserve's decision not to lower interest rates and the impact of the Middle East Israel-Palestine situation, leading to direct American intervention that triggered a panic sell-off, causing the price to drop to around $98,100. After a second dip, the price rebounded within a range to around $106,000, facing resistance. In recent weeks, BTC's net inflow has been increasing, market selling pressure is weakening, and confidence is returning to the market. According to the long-term active trend of Bitcoin, there has been a clear shift, with on-chain activities significantly increasing and the number of daily active addresses continuing to grow. Technically, minor support is at $100,500, with strong support at $94,500. The market is offering opportunities around $94,500-$100,000; if it dares to retrace, feel free to buy in confidently—the bull market is still here, so there's no need to fear!
ETH, overall, remains relatively weak. Previously, we mentioned that $2,800 is an important resistance level. A breakthrough and stabilization could see it above $3,000. This month, it briefly touched above $2,800 and immediately retraced. Due to the situation in the border areas, last week it dipped to around $2,100. Technically, Ethereum still has significant growth potential, with the high being above $4,000 and important support levels around $2,100-$1,800. The market offers opportunities to enter in batches at $2,100-$2,200, which is essentially free money. In the short term, we are looking at the contested area between $2,400-$2,700.
SOL's trend is essentially consistent with Ethereum, with the latest retracement also dipping to around $125. Support levels are seen around $95-$110. Overall, it is still showing a step-down trend. In the short term, support around $125 is observed; as long as it doesn't break below, entering confidently is fine! This round of pullback will ultimately come to an end, and you can set your defense position around $100. Currently, entering in batches is advisable, and you can boldly enter around $105. If the market dares to retrace, why shouldn't we dare to jump in? Continue to buy on the way down, and later we can see prices above $200.
BNB has also closely followed Bitcoin this year, remaining relatively strong. This round of pullback dipped to around $600 before rebounding. It also stopped at the $700 mark before retracing. Minor support is around $600, with strong support at $550. As long as this level holds, the bull market remains.
