Evening Cryptocurrency Market Analysis: Key Levels and Risk Alerts for Bitcoin, Ethereum, and SOL
Brothers, tonight at 2:30 AM, Old Powell will hold a monetary policy press conference. Currently, the tariff issue has greatly increased pressure for interest rate cuts; if a cut does happen, the cryptocurrency market is very likely to see a significant rise; if rates are increased, it could trigger a sharp drop. Based on Old Powell's previous style, it is highly likely that he will adopt a Tai Chi strategy and will not easily give a clear signal for rate cuts or increases.
Due to the impact of news, everyone must be cautious when trading. The best strategy is to temporarily stay in cash and observe, as the market changes rapidly; avoiding blind operations can effectively mitigate risks, and preserving capital is the essence of investing.
From today’s market situation, Bitcoin (Big Pie) is basically in a range-bound state. After rising in the morning and then pulling back, it rose again in the afternoon near the previous morning's high before retreating again. Considering the news from the early morning, tonight we need to pay close attention to the previous low position that was tested in the morning; if it does not break below, there is still a chance for a rebound. Additionally, TRX has just increased its issuance by 1 billion U, which is undoubtedly a solid positive factor, but don’t act impulsively; investing is not gambling, and it should be approached rationally.
Below is a detailed analysis of the night market for each cryptocurrency and key levels:
1. Bitcoin (Big Pie): The key level for tonight is 96850. If it can stabilize above this level, the market is expected to continue rising, with upper resistance levels at 97700, 98500, and 99400. If it unfortunately falls below 96850, the 1-hour level will enter a pullback mode, with lower support levels at 96150, 95290, and 94410.
2. Ethereum (Ether): Ethereum needs to pay attention to the level of 1815 tonight. If it can stabilize above this level, the market will continue to rise, with upper resistance levels at 1848, 1872, and 1903. Once it falls below 1815, a pullback on the 1 to 2-hour level will start, with lower support levels at 1794, 1775, and 1756.
3. SOL: For SOL tonight, focus on the level of 145.4. If it can stabilize above this level, the market will rise, with upper resistance levels at 149, 151.4, and 154. If it falls below 145.4, a pullback on the 4-hour level will begin, with lower support levels at 143, 140.2, and 138.
The cryptocurrency market is greatly influenced by news, and Old Powell's speech tonight is crucial. Everyone must closely monitor changes in key levels, manage positions rationally, and trade cautiously. I hope everyone can make wise decisions in this complex market environment and protect their capital!
