5.11 Night Trend Analysis
Good evening, friends!
For Bitcoin, the key focus during the night is the position of 104000. If the small timeframe can stabilize above 104000, the market is likely to continue rising. The first resistance level to watch is the previous high at 104980. If this level can be broken, then the next levels to pay attention to are 105750, 106400, and 107255. However, if Bitcoin cannot break the previous high at night and falls below 104000, then the 1-hour timeframe may start to correct, with support levels to watch at 103330, 102350, and 100950.
For Ethereum, the key focus during the night is the position of 2520. If the 1-2 hour timeframe can close and stabilize above 2520, then this wave of hourly correction may be coming to an end, and the market is expected to continue rising. The resistance levels to watch above are 2560, 2605, and 2660. But if the 1-2 hour timeframe cannot close above 2520, then the market may continue to correct, with support levels to watch at 2457, 2381, and 2320.
For SOL, the position to pay attention to during the night is 174.3. If the 1-2 hour timeframe can stabilize above 174.3, then this small correction may be ending, and the market is expected to continue rising. The resistance levels to watch above are 117.6, 180.3, and 186.8. However, if the 1-2 hour timeframe cannot close above 174.3, then the market may continue to correct, with support levels to watch at 168.8, 164.5, and 161.3.
This concludes tonight's market analysis, for reference only! $BTC $ETH $SOL