2024.11.18.BTC.ETH.SOL. Intraday Market Analysis
Good afternoon, brothers. The quiet weekend has passed without any waves or surprises. This is the calm before the storm. Whether bullish or bearish, it doesn't matter much. The market makers will determine the point of explosion based on the long-short ratio in the dense chip area, and pressing either side is a 50-50 probability. Let's wait for a breakout from the consolidation area; there's no need to bet on a 50-50 situation. Always trade what you understand. The more we are in such a time, the more we need to stabilize our chips.
Intraday levels for your reference:
BTC
Last night, Bitcoin attempted to probe the lower support but quickly recovered, once again breaking through the four-hour support at the price of 90600. The four-hour level has completed its pullback, initiating an upward trend. It has now broken through the upper pressure of 92000. The next resistance level is 93400, with smaller level pullback support at 91465 and 90600. If it breaks these two positions, look for the bottom support of the four-hour consolidation area at 88763. If it breaks the bottom support of the consolidation area, it will probe down to 86800 and 85261.
Trading thoughts: Short near 93200, only adding: 93500. Lightly short near 95000-96000, only adding: 96600. Break through 100000 with a three times leverage 5% position for a medium to long-term short.
Long position: Short long at 85200, only adding at 84500.#BTC☀
ETH
The four-hour support for ETH has been broken, theoretically not supporting an upward trend unless Bitcoin pulls it up, which is unavoidable. Either wait for the daily line to confirm closing above 3162 tomorrow morning at eight o'clock, or else it won't go up. Upper pressure: 3162, 3222, 3330. Four-hour support at 3120. If the four-hour closing line falls again below 3120, the upward trend will end, and the daily line will continue to adjust. The target remains unchanged at 2904, 2808, 2694.#ETH🔥🔥🔥🔥
SOL
SOL briefly pulled back last night at the one-hour level before rising again above 235. This initiated a one-hour upward trend, which I mentioned last night to keep an eye on the 235 pressure. The closing breakthrough will restart the upward movement. Currently, the pressure at 244 has been broken, leaving only the last pressure at 260. Pay attention to the small level pullback support at 239. If the one-hour closing line falls below 239, the small level will begin to pull back, with lower pullback support at 231, 223, 218.#sol趋势