Good afternoon to all friends in the cryptocurrency circle. The market surged last night and is starting to roar again. Up one day, down the next, going up and down, constantly cutting losses. So I remind friends once again not to open positions frequently. For intraday trades, first confirm the direction; just getting one direction right is enough. I will send the pressure and support levels to friends every day, as well as the conversion points for long and short positions. This way, it will be easier for friends to determine the direction better, and avoid constantly switching between long and short.

BTC

In yesterday's afternoon market analysis, it was mentioned that Bitcoin has stabilized above 95000 on the four-hour chart, which will change the daily reversal trend. The market will continue to have a four-hour level rebound. Last night, after consolidating at the first resistance level, it broke through to 97200. Today's Bitcoin daily chart has stabilized above 95000, and the daily chart has entered a bullish phase again. Currently, we need to pay attention to the upper resistance: whether the position of 96167 can be broken. If the hourly close can break this level, the market will continue to rise. Upper resistance: 97233, 98000. If it fails to break 96167, it will all be seen as a pullback. Focus on the lower support levels around 95000 and 94200. If these two positions are not broken, the market is still bullish. If today’s four-hour close again falls below 94200, this wave of increase will end, and long positions need to be cautious of risks, as a second downward probe will occur, with the initial target being 90800.

ETH

Ethereum is still relatively strong today. Currently, we need to pay attention to the position of 3638. If this position breaks again, the market will continue to rise, with upper resistance at 3687, 3720, 3760. If the position of 3638 cannot break again, the smaller level will start to pull back, with support at 3565, 3510, 3470. If the four-hour close falls below 3470, this wave of increase will end.

SOL

Currently, SOL has a daily resistance at 245. This morning it briefly tried to break this position but still cannot effectively break through. The daily chart is still bearish, and the strength of the bulls is weak. Pay attention to the upper resistance at 242. Only if the hourly close breaks this position will it continue to challenge the daily resistance at 245. Only breaking through 245 will the market have a good upward movement. If it cannot break above 241, the smaller level will also be in a pullback. Pay attention to the lower support levels: 238, 235. If the four-hour close falls below 235, this wave of rebound will end, and a second downward probe will occur, with the target being around 221.