Quick look, midday summary of the intraday market analysis for 5.29 BTC, ETH, SOL, BNB, combining technical analysis and market sentiment
#BTC (Bitcoin)
Key Resistance: 108450 (Looking for a rebound after a 4-hour level breakout, target 109300-110500)
Current Risk: Daily line break, if unable to hold above 108450, will continue to pull back, support below at 106500→104000→102000
Market Sentiment: Capital flowing to ETH causing BTC weakness, need to be wary of large-scale pullback risk
ETH (Ethereum)
Strong Signal: Driven by increased capital from the US, bullish sentiment prevails in the short term
Key Support: 2698 (1-hour level defense, if broken, will turn weak looking at 2670→2610)
Upward Target: 2780→2850, if it holds above 2800, a new round of increases may begin
SOL (Solana)
Technical Breakdown: Daily line + 4-hour double bearish, need to break through 174 (4-hour close) to alleviate the downtrend
Pullback Risk: Not breaking through, look at support 170→165→160, rebound needs to pay attention to the pressure zone 177-179
BNB (Binance Coin)
Bull-Bear Divide: 685 (4-hour level), after breaking, look at 700-730
Downward Risk: If under pressure at 685, support at 670→656, short-term follows the broader market with a bearish bias
Comprehensive Strategy Recommendations
1. BTC: Conservatives wait and see, aggressive traders can take a light long position after breaking 108450, stop loss below 106500.
2. ETH: A short long can be taken if it bounces back to 2698 without breaking, if it breaks, reverse to short looking at 2670.
3. SOL/BNB: Wait for a stabilization signal at the 4-hour level (SOL 174 / BNB 685), do not counter-trade before breaking through.
Note: Recent market differentiation is significant (ETH draining BTC), need to pay attention to capital rotation and US stock market trends, strict stop losses.
