Market Analysis Today

Good afternoon, BTC brothers. The market has rebounded for four consecutive days. I was watching it well before going to bed last night, but when I woke up today, I saw that I missed the selling. However, it’s not a big deal. Currently, the upward momentum of Bitcoin is not too strong; it’s still in the resistance range of 107700-8800. I will add another 2% at 108800 and another 2% at 110000. Brothers, those with short positions can also keep an eye on these two resistance levels. The intra-day support for long and short positions is: 106700. As long as the four-hour closing does not fall below this price, the market will still be in a rebound trend. Continue to wait for short positions near the two resistance levels I mentioned until it’s steadier. If the four-hour closing falls below 106700, then this wave of four-hour rebound will end, and the four-hour level will begin to pull back, with support at 105700, 104800, and 103100.
ETH
The four-hour level of the secondary market has once again surged to form a reversal, with upper pressure around 2550. Short positions can be observed near this pressure, ensuring to control the position and defend the pressure at 2615. Additional positions can be added near this pressure level, with intraday support and resistance referenced at 2447. As long as the four-hour closing price does not fall below this level, the market remains in a rebound trend. Short positions should continue to wait near the two pressure levels I mentioned for a more stable approach. If the four-hour closing price falls below 2447, then this wave of four-hour rebound ends, and the four-hour level will start to correct, with lower support levels at 2390, 2325, and 2213.
SOL
SOL formed a reversal on the four-hour chart, with intra-day support and resistance levels at 145. The four-hour closing line must not break below this price for the market to rebound and rise. The target resistance levels above are 148, 154, and 158. Short positions should continue to be monitored around these resistance levels, and position size should be controlled. If the four-hour closing line breaks below 145, then the four-hour rebound pattern will deteriorate, and a correction will begin at the four-hour level, with support levels below at 142, 138, and 133.