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Market Analysis Today
BTC
Good afternoon, brothers. The big coin made a second push around 110000 at night and started to oscillate downwards. I mentioned in the night market analysis that brothers could continue to play short positions near the resistance around 110000. For those who have entered, just hold the previous high point as a stop. Currently, the four-hour level has just broken down, so we need to see if the four-hour closing at four o'clock in the afternoon or eight o'clock in the evening can close above 109300. If it can't close above, this wave of upward movement will weaken, with the target support at 108500. The defense is at 107500. Long positions are suggested to try with small amounts in the range of 107500-6500. If the four-hour level closes above 109300 again, it means that the bullish momentum is still there, and there is hope for a second push higher, with the target resistance continuing to look at 110400 and 111800. If a second push higher occurs, this resistance can still be attempted with small positions for short positions, controlling the position properly.
ETH
The secondary market is currently in a small range of fluctuations, with support and resistance still focusing on 2590. If the four-hour closing fails to stay above 2590, the momentum of this wave of upward movement weakens. Pay attention to the support at the bottom of the consolidation around 2555. If it breaks, look towards around 2480. For conservative long positions, it is recommended to pay attention near this support. If the four-hour closing manages to rise above 2590 again, you can exit your short positions. Continue to watch for short positions in the upper pressure range of 2630-2670, and manage your positions carefully.
SOL
The long and short support for SOL remains at 152. As long as the one-hour closing does not fall below 152, there will be another rebound in the smaller timeframe, with resistance at 156 and 160. Short positions should be monitored in this resistance range; if it fails to reach the secondary high resistance level, only if the one-hour closing falls below 152 will this wave of upward momentum weaken. The target support below continues to look at 148-145.