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Market Analysis Today
BTC
Good afternoon, brothers. Last night in the market analysis, I informed everyone about the rebound resistance for a bullish trend. Until it stabilizes, I advised against considering long positions. During the night, there was just a slight rebound near the resistance level before it started to decline again. This means that the current trend is still a pullback. Today, the four-hour rebound resistance is at 103500. As long as the four-hour closing does not break this resistance, we will look for a pullback. The support target for the pullback remains unchanged at 101400-108000, with a stop loss at 99300. The trading strategy is mainly to short on the rebound, with a stop loss at 103500. As long as the four-hour closing does not break 103500, the short positions can be held. If the four-hour closing breaks 103500, simply exit the short positions manually.
ETH
The secondary market is currently in a retracement trend on the four-hour chart, with resistance at 2630. A rebound can be attempted for a short position, as long as the four-hour closing line does not break this resistance, the market will be viewed as a retracement, and short positions can be held. The stop-loss can be set to exit manually if the four-hour closing line breaks 2630. The target support for the retracement below is seen at 2410 and 2330.
SOL
The four-hour SOL is also undergoing a pullback, with resistance at 178. If the four-hour close cannot break through this resistance, the market will look to pull back. The target support below is near 166, which serves as a daily-level support for both bulls and bears. If the daily line breaks below this level, it would mean the upward trend on the daily line has ended, with the next target support at around 155. Only if the four-hour close breaks the 178 resistance can it be considered that the pullback is complete, giving the market a chance for a second upward surge.