Evening Cryptocurrency Market Analysis: Strategies for Trading Bitcoin, Ethereum, and SOL in a Sideways Market

Good evening, brothers! Today's market continues its explosive rally, with fierce battles between bulls and bears. Long positions are making a fortune, while short positions are suffering heavy losses. I believe everyone has a deep impression of this market trend. However, I have a special point tonight — my shoulders and arms are sore, so let’s make this quick. After analyzing the market, I’ll hurry off to find technician No. 36 for some relaxation!

From the chart, Bitcoin (BTC) is currently in a sideways consolidation at the 4-hour level. Generally, a sideways trend following a significant upward movement indicates that the short-term rise has come to a halt. Blindly guessing the subsequent direction before the price breaks above the top or below the bottom of the consolidation zone is meaningless. Coincidentally, it’s Friday; if the market stabilizes tonight, we can celebrate comfortably over the weekend!

Below is the nighttime market analysis and key trading points for various cryptocurrencies:

1. Bitcoin (BTC): Currently in a sideways consolidation at the 4-hour level, with key focus on the top of the consolidation zone at 104365 and the bottom at 102360. As long as the bottom at 102360 is not broken, a small-level rebound is expected to continue, initially targeting the previous high at 104365. If this level is strongly broken, further resistance levels are 105395, 106400, and 107255. However, if the price breaks below the bottom of the consolidation zone at 102360 tonight, the market will shift downward, triggering a 1-2 hour level correction, with support levels at 100950, 99200, and 97730.

2. Ethereum (ETH): Ethereum is currently in a sideways consolidation at the 1-2 hour level, with the top of the consolidation zone at 2389 and the bottom at 2312. As long as the bottom at 2312 holds, a small-level rebound can be expected, initially targeting the top of the consolidation zone at 2389. Once broken, resistance levels will move up to 2436, 2490, and 2550. If the price breaks below the bottom of the consolidation zone at 2312 tonight, the market will move downward, triggering a 1-hour level correction, with support levels at 2260, 2203, and 2156.

3. SOL: The key support level to watch for SOL tonight is 167.5. As long as the price does not break below this level, a rebound trend is likely to continue, with resistance levels at 172.7, 176, and 180.4. If it unfortunately breaks below 167.5, a 1-hour level correction will start, with support levels at 164.3, 161.3, and 158.7.

During the market consolidation period, uncertainty increases. It is recommended that everyone closely monitor the breakout situations at key points for each cryptocurrency, manage positions well, and strictly set stop-loss and take-profit levels.