2024.11.20.BTC, ETH, SOL Intraday Market Analysis

Good afternoon, brothers. The recent four-hour rise of Bitcoin is not very strong, just enough to hit the first resistance level before the short position came down. However, this is not a loss; risking a few hundred points for a short position is still worth it. It’s better to have small short positions for trial and error rather than holding on. The short position has stopped loss, and the long position has been accurately taken. The deviation is 30 points; if you have entered, make sure to move the stop loss to secure profit.

BTC

Bitcoin's current four-hour uptrend has not yet finished. This morning, it just happened to test the four-hour support at 91330 before rising again. As long as the one-hour closing line does not fall below 92200 again, the smaller levels will restart the rise. The upper target resistance: 93500, 95000-96000. For those holding long positions, just defend the price at 92200. Whenever the one-hour closing line falls below this price, that’s when to exit the long positions. If it does not close below, you can continue to hold. If it falls below 92200 again, this wave of rise will end, and the lower support: 89300. The short position strategy remains unchanged; continue to wait around 95000-96000.

ETH

Last night, Aunt gave a rebound resistance level of 3162. If the four-hour candle cannot hold this price, the market won’t go up, and the highest it rebounded was only to 3152. With the resistance level suppressing it, it cannot go up. Currently, the daily line is still in a correction, and the bullish sentiment remains unchanged. At least wait for the four-hour closing line to break above 3162 before the market can go up. If this resistance level cannot be broken, then falling below 3000 is only a matter of time. You can continue to short around 3162; if the four-hour closing line breaks above, manually exit the position. The upper pressure: 3220, 3330. The lower support: 3016, 2904, 2808.

SOL

Last night, I told my brothers that the four-hour has already broken the support and will experience a four-hour correction, with the correction target precisely reaching 230. After the correction is in place, there will definitely be a rebound in the smaller levels, with the rebound target: 235. If the one-hour can hold 235, the rebound will continue to look for 237, 240. If it goes above 235, then this wave of rebound will be over. The lower support: 230, 224, 203.