Evening Crypto Market Report: Analysis of Bitcoin, Ethereum, and SOL Trends with Strategic Recommendations

Good evening, brothers! Today's Bitcoin performance has indeed been frustrating, exhibiting a continuous downward trend throughout the day. Tonight, the focus will be on the strength of this rebound. If it fails to break through 96450, a second dip is likely; if it successfully stands above 96450, it would indicate that this round of correction has come to a close, with the possibility of continuing upward movement.

It is worth noting that Ethereum has shown relative resilience in this round of market activity, but do not be deceived by this appearance. Its strength is not due to its own robust capabilities; rather, it is being shielded by the upcoming upgrade benefit on the 7th. Once the good news materializes, the situation may take a sharp downturn. I am not bearish due to short-term stagnation; I indicated back in November that Ethereum is the first choice for shorting. Since transitioning to the POS mechanism, the development potential of Ethereum has significantly diminished. Friends who are hoping for Ethereum to surge past 4000 should return to rationality and recognize the reality sooner rather than later.

Below is the evening market analysis and operational strategies for various cryptocurrencies:

• Bitcoin: Pay close attention to the key level of 95655 on the 1-hour chart tonight. If the price can effectively stabilize above this level, a rebound on the 1-hour chart is expected to commence, with resistance levels at 96450, 97300, and 97865. If it consistently fails to break above 95655, it indicates a lack of strength in the rebound, and the price will continue to retrace. First, focus on the previous low support at 95100; if it breaks below, the next support levels to watch are 95000, 93700, and 92845 (the latter two support levels may present buying opportunities).

• Ethereum: After quickly rebounding from the first support level during the day, it is currently in a 4-hour sideways consolidation. Tonight, closely monitor the 1833 level; only if the price stabilizes above this level on the 4-hour chart will this round of correction end, with the potential to challenge the upper range of the consolidation. The upper pressure levels are 1848, 1872, and 1903. If it cannot break above 1833, the market will maintain a bottom-side consolidation, and if it declines, the support levels to pay attention to are 1815, 1792, and 1762.

• SOL: The price rebounded after dipping to the first support level of 145, with a relatively strong momentum for the small-scale rebound. Tonight, focus on the 147 level on the 4-hour chart; if it can stabilize, the 4-hour rebound will officially begin. The upper pressure levels are 149, 151.3, and 154. If it cannot break above 147, upward movement will be hindered, and the support levels to watch below are 144.6, 143, and 140.2.