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Today's market analysis



BTC
Good afternoon, brothers. The big cake broke the support at 108500 this morning, completing a small-level rebound, and tested the support near 107000 once again. From the daily line perspective, it is still a bullish trend, so we will see if the four-hour level can break through the pressure level today. The upper level of 108500 has become the four-hour pressure level. As long as the four-hour close can break and stabilize above this pressure, the market will continue to push higher for a rebound. The upper target pressure is 109500 and 111300. If the four-hour level cannot stabilize at 108500 today, the market will test the daily long and short support at 106800-106000 again. If this range of support is broken, the daily upward formation will deteriorate, and the probability of a daily correction next week will be very high. Therefore, whether the market can make a second push higher today depends on whether the four-hour close can stabilize at 108500.
ETH
The concubine's trend is relatively weak, with a key resistance level at 2540 today. At least a four-hour closing line needs to break through this resistance for the market to have a chance for a second surge. The upper target resistance will be observed at 2590, 2650, and 2730. If today's four-hour closing line cannot stabilize above 2540, the market will drop again to test the support at 2450, and even around 2350.
SOL
The important rebound resistance above SOL is 175. At least a four-hour closing above this resistance is required for the market to have a second chance to rise. The upper target resistance can be seen at 178, 182, and 185. As long as the four-hour closing has not stabilized above 175, the bullish momentum will not be very strong, and a pullback to test lower levels may happen at any time. Pay attention to the lower target support at 165 and 160.
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The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
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GateUser-b28f3bbbvip
· 05-25 08:29
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