2024.12.31.BTC.ETH.SOL.BNB.DOGE.Intraday Market Analysis
Good afternoon, brothers. Last night's market movement really was a double kill for both bulls and bears, making it difficult to establish a position. If you try to get a clearer perspective, the profits vanish. It feels like the excitement is gradually fading; after playing around, there's not much left to engage with. I'm preparing to exit the market this year and will consider returning next year.
BTC
Bitcoin has gone through a wave of ups and downs last night, and the market has returned to the bottom. Today, I expect a small-level rebound, with resistance at 93000, 94033, and 95079 above. If the rebound fails to break these resistance levels, the market will continue to descend. The support targets below are 91500, 90286, and 88857. Overall, the rebound is still weak, brothers. We’ve had several weeks of a downward trend, so try not to establish positions in intraday trades.
ETH
Ethereum is currently in a four-hour level oscillation. The bottom of the horizontal range has solid support at 3302, while the top resistance is at 3445. It is oscillating within this range, with resistance at 3363 and 3383. If these two resistance levels are not broken, it will continue to test the 3302 support. If this support is broken, we look at 3220, 3104, and 3038. If a small-level rebound breaks above 3383, the rebound strength will be greater, with resistance moving up to 3445. Only by breaking this resistance will the market form a reversal.
SOL
After the sharp ups and downs in SOL, the daily shape has somewhat stabilized. Currently, at a small level, it is still in horizontal oscillation. Pay attention to the resistance above at 191. If this resistance is not broken, the market will continue to test the three positions near 185, 182, and 176. If this rebound breaks above 191 and the four-hour closes at this price, the rebound strength will increase, with resistance above at 196 and 201.
BNB
BNB is in a bullish trend at the daily level, and the four-hour correction is complete. Pay attention to the support at 702 below. If this level is not broken, the four-hour level will initiate an upward movement, with target resistance above at 720, 737, and 759. If a small-level correction breaks below 702, we will continue to look at the support near 696 and 682.
DOGE
Dogecoin's shape still shows a downward trend, with the first resistance for the rebound at 0.316. If this resistance is not broken, the market will continue to look bearish, with support targets below at 0.3, 0.286, and 0.265. If a small-level rebound breaks and stays above 0.316, the rebound resistance will be at 0.323, 0.33, and 0.342.