Midday Cryptocurrency Market Review and Trend Analysis: Key Point Analysis for Bitcoin, Ethereum, and SOL

Good afternoon, brothers! After last night's market surge, I went out to celebrate and, unfortunately, drank too much “horse urine” (a slang term for a strong alcoholic drink), and I've just come to my senses. Looking at this wave of market activity, I feel a lot of emotions—I'm sorry for those brothers who went against the trend and stubbornly held their shorts; when the direction is wrong but unwilling to cut losses, they can only bear the consequences. Recently, there have been continuous favorable market conditions, with multiple factors like tariff resolutions and interest rate cut expectations overlapping. I have always emphasized “buying on dips as the main strategy,” and it has been proven that going with the trend is the true way to profit in the market; grasping the trend is the key to becoming a real winner!

Next, I will bring you today’s mainstream cryptocurrency market analysis and key operational points:

1. Bitcoin: Today's key focus is on the critical watershed at 102450. If the price can firmly stay above this level on the hourly chart, it indicates that the bullish trend remains strong, and the market may aim to challenge the previous high of 104280. Once successfully broken, the upper resistance levels will be tested at 105400, 106400, and 107255 in sequence. Conversely, if the hourly close falls below 102450, a short-term correction will begin, with support levels at 100950, 99200, and 97730 in sequence. It is necessary to adjust strategies in a timely manner and guard against risks.

2. Ethereum: Thanks to the positive effects of the upgrade, Ethereum surged strongly yesterday, achieving its highest daily increase in recent years, demonstrating strong upward momentum. Today, we need to keep a close eye on the support level at 2190. If the price can stabilize above this level on the hourly chart, the bullish trend will continue, with the initial target being the previous high of 2245; if it can break through successfully, subsequent resistance levels will be 2280, 2317, and 2351 in sequence. If the hourly close falls below 2190, a short-term correction will begin, with support levels at 2156, 2112, and 2073, and it is recommended to closely monitor break signals and set reasonable stop-loss and take-profit levels.

3. SOL: The key point for SOL today is 161.8. If the price can stabilize above this level on the hourly chart, the bullish trend will continue, with the initial target being the previous high of 164.5; after breaking through, the resistance levels will be tested at 166.9, 170.5, and 174.4 in sequence. If the hourly close falls below 161.8, a correction will start on the hourly chart, with support levels at 158.7, 154.4, and 150.8. It is necessary to respond cautiously and avoid blindly chasing prices up or down.

Although the current market is in an upward trend, volatility risks still exist.