BTC.ETH.BNB.SOL.Intraday Market Analysis II

BTC

Greetings, today has been a day of consolidation, with no major movements up or down. What concerns you the most is whether it will continue to rise. Currently, the bullish shape in a smaller timeframe is still present, with support at the bottom at 110460. A close below this level on at least a one-hour timeframe is needed for the market to enter a short-term correction. The target support at the bottom is seen at 109200. This support is a four-hour support; if it closes below this support in four hours, we may observe the daily support around 106000. As long as it does not close below 110460 in one hour, the bullish shape continues. The pressure at the top is 111840; if it breaks, the market will reach a new high again. This pressure must be overcome, and the brothers should pay attention to the area of 118000-120000 for short positions.

ETH

The trend of ETH is relatively strong. Currently, the shape in a smaller timeframe remains bullish, with support at the bottom at 2645. A close below this level on at least a one-hour timeframe is needed for the market to enter correction. The correction support at the bottom is in the range of 2607-2586. If it closes below 2586 in four hours, this four-hour upward wave will be considered complete. As long as it does not close below 2645 in one hour, the shape in a smaller timeframe will remain bullish, and the target pressure at the top will continue to be 2730, 2800, 2850.

SOL

The shape of SOL is similar to that of ETH; currently, the smaller timeframe is also bullish, with support at one hour at 177. A correction in the smaller timeframe will only occur if it closes below this level. The correction support at the bottom is 174. If it closes below 174 in four hours, this four-hour upward wave will be considered finished. As long as it does not close below 177 in one hour, continue to pay attention to the pressure at the top near 184; if it breaks, we will look at 190.

BNB

BNB is in an upward consolidation trend in the smaller timeframe, with support at the bottom at 682. Correction in the smaller timeframe will only begin if it closes below this level. The correction support at the bottom is 670, 657. As long as it does not close below 682 in one hour, continue to pay attention to the target pressure at the top of 690. If it breaks, we will look at 710, 730.