Good evening, brothers. Bitcoin continues to consolidate at a high level on the daily chart today, with the 4-hour level showing wide fluctuations in the sideways range. Only a few coins, like SOL, are performing strongly.
If trading within the sideways range, avoid high selling and low buying patterns, otherwise it’s easy to hit stop losses. Only a strong bullish breakout of the top of the sideways range will lead to a clear direction; otherwise, this upward move will revert back to the top of the sideways range!
Market Analysis:
$BTC Bitcoin briefly touched the first support level and then rose again. Pay attention to the 90550 position at the 12 o'clock close. If the 4-hour level cannot close above this position, it indicates that the upward momentum is weak, continuing to decline with support levels around 89720-88750-87345!
If the 4-hour level closes above 90550 at 12 o'clock, then the market is likely to move upward, with upper target/resistance levels around 92320-93400!
$ETH Ethereum briefly touched the first support level and then rose again. Pay attention to the 3100 position at the 12 o'clock close. If the 4-hour level cannot close above this position, it indicates that the upward momentum is weak, continuing to decline with support levels around 3055-3015-2963!
If the 4-hour level closes above 3100 at 12 o'clock, then the 4-hour level will begin to rebound, with upper target/resistance levels around 3165-3197-3241!
$SOL SOL broke through the first resistance level today and quickly reached near the second resistance level. Pay attention to the 240 position during the night. As long as it holds above this position, the 2-hour level remains bullish, continuing to rise with the upper target/resistance levels around 245.3-248.7-253.5!
If it falls below the 240 position during the night, the 2-hour level will start to pull back, with support levels around 236-231.5-226.5!
BNB accurately dropped to near the second support level before starting to rebound. Pay attention to the 623 position at the 12 o'clock close. If the 4-hour level cannot close above this position, it indicates that the upward momentum is weak, continuing to decline with support levels around 612.5-603.3-693.1!
If the 4-hour level closes above 623 at 12 o'clock, then the 4-hour level will begin to move upward, with upper target/resistance levels around 632-637.1-645.9!
DOGE started to decline after reaching the first resistance level during the afternoon. Pay attention to the 0.364 position at the 12 o'clock close. If the 4-hour level cannot close above this position, it indicates that the upward momentum is weak, continuing to decline with support levels around 0.353-0.34-0.326!
If the 4-hour level closes above 0.364 at 12 o'clock, then the 4-hour level will begin to move upward, with upper target/resistance levels around 0.38-0.4-0.417!
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