🚨🚨🚨BTC Major Update🚨🚨🚨
1️⃣ BTC has experienced a process of falling, rebounding, and falling again, suggesting that the upward trend may be retested in the next few days. If the price cannot break through the 62680-63300 range, the upward trend may be blocked. At the same time, the failure of the RSI 4H indicator to reach the 45.65 level also indicates that the upward trend is weak. Our goal is for the price to reach or approach the 50.00 area, or reach the 49.34 level, which will help confirm the further trend of the price. If the price is supported by the 41.08 level, it will provide some support for BTC, although this support may not be strong enough. The weekly closing price needs to remain above 61500, and a closing below 61200 is considered a negative signal. Therefore, the key level of 63400 is both support and resistance, and any attempt to fail to effectively break through this area may trigger a rapid decline in prices. Regarding the expectation of a decline, the primary support level is around 57700. In addition, if BTC can effectively break through the 61800 to 62400 range, the market will show a clear bullish trend. This trend appears particularly strong given the existence of a clear breakout area.
2️⃣ For ETH, it is difficult to accurately judge the specific extent of its decline unless the price fails to break through certain key areas and falls back below the 3530 level. If the price maintains in the 3440 area and successfully breaks through the 3665 level, the downward trend may change. At present, ETH shows the possibility of falling below the 3440 area on the 15-minute chart, and if the market fails to provide effective support, the price may even fall below the 3365 level. Unlike BTC, due to the difference in liquidity and money supply, the upward trend of ETH may not be as obvious as BTC. Therefore, we expect these areas to experience a certain degree of adjustment. On the RSI 4H indicator, the continuous negative signals indicate that the price may be adjusting in the 55.58 area at present, and it is possible to adjust further to the 50.00 area before a rebound may occur. If ETH can avoid further declines, its market performance may be quite strong.
3️⃣ SOL, also known as Solana, is currently heading towards multiple key areas. The first is the 157 area, followed by the 169 and 181 areas. Based on the current market conditions, the best buying opportunity may occur when the price approaches the 149 level.
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