2024.12.11.BTC.ETH.SOL.DOGE Intraday Market Analysis
Good afternoon, brothers. After the second bottom test last night, Bitcoin (BTC) has started a small-level rebound. The daily trend remains a correction, but currently, we are experiencing a four-hour level rebound. We need to complete this four-hour level rebound before entering the second wave of decline. Therefore, today we should focus on the upper rebound resistance level, combined with the CPI value announcement this evening.
BTC
Bitcoin is currently experiencing a four-hour level rebound. The four-hour support is at 97000. As long as the four-hour closing does not fall below this support, we will continue to look for a rebound. The upper rebound pressure levels are: 98300, 99600, 100500. If the four-hour closing falls below 97000, this rebound will end, and we will enter a second wave of four-hour level decline, with target supports below: 95700, 94137, 91000 around these positions.
ETH
Ethereum's rebound strength is relatively weak. The upper pressure first looks at 3696. Only if the four-hour closing breaks through this position will the rebound strength increase. The upper pressure can be observed at 3772, 3860, 3936. Short positions can be monitored near these three pressure levels. If the four-hour closing fails to break through 3696, we need to pay attention to the small-level support at 3640. If the one-hour or two-hour closing falls below this position, this rebound will also end, and we will continue to explore downwards, with target supports below: 3512, 3476. If broken, pay attention to the spike positions around 3358, 3260.
SOL
Solana's spike directly hit the weekly level support, so the rebound will be a bit stronger. Currently, the four-hour level has started to rebound. Pay attention to the four-hour support at 216. As long as the four-hour closing does not fall below this position, we will look for a rebound. The upper rebound pressure is: 221, 229. If the four-hour closing falls below 216, it indicates the end of this four-hour level rebound, with target supports below: 206, 200. If broken, look at 185, 172 around these two positions.
DOGE
Dogecoin's rebound strength is weak. The upper rebound pressure first looks at 0.398, 0.4. These two pressures must be broken at the four-hour level for the rebound to have strength. The upper pressure is observed near 0.422, 0.44. If the rebound does not exceed the above pressures, the market will continue to explore downwards with support below: 0.366, 0.34. If these two positions are broken, pay attention to the spike positions around 0.278, 0.23.