After several days of fluctuating within a range, Bitcoin has finally broken through the sideways pattern and determined its trend direction. In the morning, a bearish candle pierced through the bottom support level, indicating that a correction is about to occur on the daily chart, with the expected correction target around 110,000. Currently, the short-term rebound momentum appears weak, and key resistance levels for the intraday rebound to watch are 117,000 and 118,000. If these two points cannot be broken, the market may continue to correct. This round of increase has lasted for more than a month without a significant correction, and now the correction trend is beginning to emerge. Those holding long positions should manage risks cautiously to prevent sudden price fluctuations.
Ethereum's trend is relatively stronger, still in a bullish trend on the daily chart, but there are signs of a breakout on the four-hour chart, with upper resistance at 3,660. In other words, a new upward trend may only emerge if the price on the four-hour chart stabilizes above 3,660 again. The upper resistance remains unchanged at 3,760 and 3,850. Before the four-hour chart stabilizes above 3,660, the price may drop to the daily support range of 3,530-3,470 at any time. If this range is broken, a correction will begin on the daily chart.
As for SOL, it has broken through an important upper resistance level of 185 on the daily chart. To welcome a new round of increase, it is necessary to stabilize above 185 on the four-hour chart again. The upper resistance further looks at 193 and 200. If the four-hour chart does not stabilize above 185, the market may tend to correct, with support levels at 170 and 160.
Feeling confused and unable to find a way out? The market is currently turbulent, and walking alone is lonely. I am the Wind God; only those who resonate on the same frequency can gather together!