BTC.ETH.SOL.BNB Night Market Analysis
BTC
Good evening, brothers. After a small pullback and consolidation in the afternoon, Bitcoin continues to surge tonight, currently reaching the weekly resistance level around 88,500. The major resistance has arrived, and it remains to be seen whether it can break through. If it can break through, a surge to 91,000-93,000 is still possible. Note that this is a pressure level, and it does not mean it will reach there immediately; it may not even reach it. The short-term resistance remains at 88,500 and 89,500. You can try to take advantage of pullbacks at these resistance levels while controlling your position, because I mentioned last week that 88,500 is an important support resistance. Currently, the market has just hit 88,500. Today is only Monday, and the weekly chart is not yet stable, which means that any surge above the resistance this week can attempt short positions. Until it stabilizes, a pullback can happen at any time, so brothers should not blindly think that a bull market is starting; at least wait until the week is over. Next Monday, if the weekly chart stabilizes at 88,500, then it can be considered that the weekly correction is complete and the weekly upward trend is starting. The night’s small pullback support is at 87,500, 86,700, and 86,000. As long as the four-hour closing does not break 86,000, this wave of rise is not considered over.
ETH
Ethereum is still soft. Continue to pay attention to the pullback support below at 1,620, with a defense at 1,607. As long as it does not break the defense support at 1,607, the market can continue to look for a rebound. The rebound pressure above is at 1,660 and 1,690. If the four-hour closing breaks the defense support at 1,607, the long positions can be abandoned, and attention should shift to the support below at 1,565, 1,538, and 1,505.
SOL
SOL is currently breaking at the four-hour level, with short-term resistance at 139. At least the one-hour level needs to stabilize at this pressure again for the market to have a chance to surge again. The pressure above is in the range of 145-147. If it cannot stabilize at the one-hour level tonight, the bullish momentum will weaken, and I do not recommend blindly pursuing long positions. Pay attention to the support below at 135 and 132.
BNB
BNB is in a sideways trend at the four-hour level, with short-term pullback support at 600. If this level does not break, there is a chance for a small level to surge to the pressure at 610, which is also a weekly pressure level. If it cannot break, there will also be a pullback at the small level, so pay close attention to the breakthrough of this pressure. If it breaks through, look for 620. If the small level breaks 600, look for the defensive support near 595.
