Post-holiday cryptocurrency midday analysis: Bitcoin, Ethereum, and SOL key price levels and trend assessment

Good afternoon, brothers! The May Day holiday has come to an end, and we return to our busy work rhythm. Joking aside, while 'moving bricks,' don't miss the opportunities in the crypto market. Today, let's take a look at the market trends of Bitcoin, Ethereum, and SOL!

Bitcoin (BTC) had limited fluctuations last night, rebounding slightly after holding the previous low, and is currently in a sideways consolidation on the 4-hour chart. Today, we focus on the top of the consolidation range at 94800 and the bottom at 93445: if the price rises and breaks through 94800, it will open up upward potential; if it falls below 93445, a new round of decline may be imminent; if the range is not broken, it is likely to maintain a small degree of wide fluctuation. From a technical indicator perspective, the daily MACD for Bitcoin has crossed below the zero line, and the 3-day line is also about to form a death cross, with bearish sentiment in the market growing. Friends looking to short might want to pay attention to rebound shorting opportunities in other cryptocurrencies.

Specific operational strategies are as follows:

• Bitcoin: Watch for rebounds at 94800 (top of the consolidation range); if it cannot hold this position, the price may continue to retrace. The key support level below is 93445 (bottom of the consolidation range); as long as it does not break below, there is still rebound momentum at a small level. If it loses this support, the subsequent support levels are 92720, 91620, and 90455 in order. Only a valid breakthrough of 94800 will allow the market to challenge resistance levels at 95666, 96450, and 97300.

• Ethereum (ETH): After breaking the first support level earlier, the price reached the bottom of the consolidation range. Today, pay close attention to 1813; if it can hold this position, a small upward trend will begin, targeting the top of the consolidation range at 1830. If it cannot break through 1830, the price may pull back. Conversely, if the 1-2 hour level cannot hold above 1813, the support level below is initially the bottom of the consolidation range at 1791, and if it breaks, the support levels are 1780, 1762, and 1730 in order.

• SOL: Similarly, after breaking the first support level overnight, it declined. Today, keep a close eye on 145.2; if it can hold this position, a small upward trend is expected, with a target at the top of the consolidation range at 147.3. If it cannot break through, the price will retreat. If the 1-2 hour level cannot hold above 145.2, the initial support level below is the bottom of the consolidation range at 142.4, and if it breaks, pay attention to 140.2, 138, and 135.6 in order.

The market changes rapidly; it is advisable to closely monitor changes in key price levels, reasonably control positions, and strictly set stop losses. Wishing everyone successful trading!