1. Bitcoin (BTC) Trend Analysis
Market Review
Just now, Bitcoin tested the previous low before rebounding. This position was mentioned in the noon analysis. If it does not break down, it will trigger a small-level rebound. Investors who previously positioned long at this level can choose to reduce their positions or take profits at the top of the consolidation area. If the rebound cannot break through the top of the consolidation area, the price may still pull back.
Key Levels and Strategies
• 94100 Key Watershed:
◦ Steady Upward: If the 1-2 hour level holds above 94100, the market will launch an attack towards the top of the consolidation area at 94880. After the breakout, further resistance levels are 95665, 96448, and 97300.
◦ Breakdown Downward: If it breaks below 94100, pay close attention to the bottom of the consolidation area at 93445. If this support level holds, there is still a chance for a small-level rebound; if it fails, the support levels below are 92720, 91620, and 90455.
2. Ethereum (ETH) Trend Analysis
Market Review
Ethereum has broken below the bottom of the consolidation area, and the short-term trend is bearish. It is necessary to pay attention to the strength of the rebound to determine whether it can repair the broken structure.
Key Levels and Strategies
• 1785 Rebound Observation Level:
◦ Weak Rebound: If the 1-hour closing fails to hold above 1785, it indicates insufficient rebound momentum, and the price will continue the downward trend. The support levels below are 1756, 1730, and 1695.
◦ Effective Rebound: If it holds above 1785, the 1-hour rebound will start, with resistance levels above at 1808, 1830, and 1848.
3. SOL Trend Analysis
Market Review
SOL has also broken below the bottom of the consolidation area and is in a weak position in the short term. It is necessary to observe whether it can reclaim key support through a rebound.
Key Levels and Strategies
• 144.8 Rebound Watershed:
◦ Weak Rebound: If the 1-hour closing fails to hold above 144.8, the rebound will be difficult to sustain. The support levels below are 142.1, 140.2, and 138.
◦ Effective Rebound: If it holds above 144.8, the 1-hour rebound will begin, with resistance levels above at 147, 149, and 151.3.
4. Operation Suggestions
1. Position Management: Currently, Bitcoin, Ethereum, and SOL are all in a stage of contention at key support/resistance levels. It is recommended to control positions and avoid heavy wagers.
2. Stop Loss and Take Profit: When participating in trading, set strict stop-loss levels (e.g., exit if breaking key support/resistance levels), and profits can be taken in batches at the top of the consolidation area or resistance levels.
3. Risk Warning: Market volatility is increasing in the short term, and there is a need to be cautious of accelerated declines or rebound traps after breaks. Closely monitor changes in trading volume to validate trend effectiveness.
Summary
Tonight's market focuses on the competition for key positions in the consolidation area among various cryptocurrencies: Bitcoin needs to break through 94100 to open up upward space, while Ethereum and SOL need to reclaim the bottom of the broken consolidation area to stop the decline. Operations should be anchored on key levels and flexibly respond to short-term cycle trends, maintaining a cautious attitude.
