BTC.ETH.SOL, Night Market Analysis
Good evening, brothers. Bitcoin once again pushed against the resistance at 92800 tonight. Will it break through again? Let's discuss the night market trends and trading ideas!
BTC is currently still in a four-hour upward wave. Near the top at the first resistance level, it is completely viable to attempt a short, which is around 93000, just below 93500. If it makes multiple attempts without breaking through, it may form a short-term top in the four-hour timeframe. The risk-reward ratio is quite favorable for this bet, and if it fails, we can try again at 95000-96000. The reason is: if this four-hour upward wave breaks through the first resistance level at 93400, it will continue to push towards the 95000-96000 range, which is the second resistance level. If it cannot break through, we can still take profits at the short-term top. If it continues to break through, we can set up a mid to long-term short position for the target of 100000. I've been discussing this trading strategy for two days now, and it’s worth trying with a good risk-to-reward ratio.
During the night, pay close attention to the four-hour support at 91350. If the four-hour closes below this level, it indicates the end of this four-hour upward wave, and the main focus will be on high shorts during the pullback, with specific pullback points around 91350. The lower support levels are: 89300, 88000.
If you want to go long tonight, you need to wait for a pullback near the four-hour support at 91350. Just below: if the four-hour closes below this level, exit manually or reverse. #BTC☀
ETH
The altcoin is very weak; Bitcoin hasn't been able to drive it. At the very least, it needs to hold above 3162 in the four-hour timeframe to show any strength. The upper resistance levels are 3222, 3330. If it cannot close above 3162, it may continue to test lower levels. The lower support levels are: 3016, 2904, 2808. #ETH🔥🔥🔥🔥
SOL
SOL has currently fallen below the four-hour support at 241, which means this wave of upward movement is likely over. Going long now won't yield much profit. Pay attention to the upper resistance at 248 tonight. If it rebounds again at this point, you can short with a light position, just below 250. The lower support levels are: 235, 230. If it breaks these two levels, watch for 221. #sol趋势