In the current cryptocurrency market, Bitcoin is showing a high-level consolidation trend, with trading stagnating over the weekend and liquidity being scarce. Although there are localized fluctuations in the altcoin sector, the overall market is about to enter a key turning point, necessitating high vigilance against reversal risks. The core focus is on tomorrow's daily and weekly closing performance, while the analysis of the Wealth Coin's expected significant rise next week will also be clarified after the close at eight o'clock tomorrow morning.
Market Deep Analysis
$BTC
Bitcoin's price is fluctuating narrowly around 100,000, currently in a strategic decision period for bulls and bears. Considering multiple factors, the probability of an upward breakout is slightly favorable. The previous spike caused a significant adjustment in the long position structure, with a substantial cleanup of long positions. From a technical perspective, a strong support platform is currently being built at around 99,100, which is difficult to breach effectively in the short term. The resistance levels above are sequentially 101,500, 103,700, and 107,000. The daily candlestick pattern shows a doji, indicating a temporary balance of bull and bear forces. If the closing price tomorrow morning is below 99,100, the technical pattern will turn weak, and the market will likely pull back, with critical support levels below being 98,900 and 96,100. At that time, consider entering long positions opportunistically, as the medium-term bullish trend still holds potential.
$ETH
Ethereum has entered a consolidation phase after a surge, with its price movement highly correlated with Bitcoin, showing significant positive correlation. Analyzing from the daily level, if it can successfully close above 4,000, the technical pattern remains strong, and the market will continue to be bullish. The current daily chart shows a long lower shadow, indicating strong buying support below. The key resistance levels above are in the range of 4,035 and 4,084. If the daily closing fails to effectively stabilize above the 4,000 level, market sentiment will turn cautious, and there is a risk of downward correction, with support levels below being 3,933 and 3,837. In this scenario, short-term long positions can seize the opportunity to enter, as the existing trading strategy remains somewhat effective in the current market environment.
$SOL
SOLANA has experienced significant disturbances in its market due to the failure of the ETF application, leading to a sluggish price trend and lack of activity, causing many investors' confidence to be shaken. However, viewed from a long-term value investment perspective, its price downside potential is relatively limited, and the market professionals still have a positive outlook. On the daily level, if it can achieve a closing price above 240, key resistance levels can be noted at 247 and 253. Conversely, if the closing price cannot reach above 240, the support levels below are 231, 224, and 219. If the price falls below the aforementioned support levels, consider building positions in batches based on capital management principles to average costs and layout for the long term.
$DOGE
Dogecoin has recently shown a continuous upward trend, repeatedly testing the key level of 0.48 with long upper shadow formations. Just yesterday, it even reached a high of 0.485. Short-term technical analysis indicates that as long as it can firmly hold above 0.44, the resistance levels above are 0.466 and 0.481. Once these resistance levels are broken, decisively chase long positions. If it unfortunately falls below the critical support level of 0.44, the support levels below are 0.421, 0.407, and 0.392. At that time, consider gradually accumulating at lower levels, holding until potential favorable news is released next month for mid-term gains.
