Today, Bitcoin's trend fluctuated greatly, which made people jump with fear; Binance Coin (BNB) rose steadily and performed well.
Market Interpretation:
Bitcoin (BTC):
Bitcoin is now in a state of adjustment at the 1-hour and 2-hour levels. It fell to the first support earlier and then stabilized temporarily. Tonight, the focus is on the position of 95760. Only when it stands firmly here, the callback is over, and it is expected to continue to rise in the future. The upper targets are 96522, 97230 and 98300.
If it fails to stand above 95760, it means that the rise is weak, and the market may continue to adjust downward. Pay attention to the support below 94510, 93168 and 91980.
Ethereum (ETH):
Ether is also in a callback at present. It began to rebound after touching the first support during the day. The key point tonight is 3613. If it holds here, the bulls are expected to take over. The upper pressure range is 3653, 3689 and 3721.
If it falls below 3611, the callback will continue further, and the support below is 3569, 3532 and 3492.
Solana (SOL):
SOL's rebound during the day failed to continue, and the market weakened. Tonight, we need to pay attention to the position of 236. Only by standing at 235 can the rebound continue. The upper targets are 239.1, 241 and 243.4.
If it falls below 236 and cannot rebound, it means that the rebound has failed, and it may fall to 231, 227 and 221.2 in the future.
Binance Coin (BNB):
BNB performed very strongly today and has broken through the third pressure level. As long as it holds 652.5 at night, the trend is still bullish, and the subsequent targets are 662.2, 668.9 and 674.6.
If it falls below 653.5, the 1-hour level may enter adjustment, and the support below is 645.9, 638.7 and 631.7 in turn.
Dogecoin (DOGE):
Dogecoin entered a short-term correction after breaking through the resistance level during the day. Currently, the focus is on the 0.394 point. If it holds here, the 4-hour level is still biased towards rising, and the upper targets are 0.407, 0.418 and 0.428.
If it falls below 0.394, the 4-hour level may enter an adjustment, and the lower supports are 0.386, 0.377 and 0.363 respectively.
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