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2026.4.16@$ETH $BTC $SOL Daily Market Trend Analysis
Good afternoon brothers, yesterday it traded sideways all day and then surged in the evening, today the daily candle closed bullish, the bullish trend is still intact, and it is likely to continue pushing upward.
The current trend is also quite hesitant, after all, these two days have already risen to near the highest point since the new year, which is a significant pressure. On a larger scale, there is momentum to go higher, but on a smaller scale, there hasn't been a deep pullback, so the trend won't be very strong. If it breaks through the current resistance and moves higher, it will encounter other small resistances within the 79–84 range, and short positions can be entered at these points. For intraday short-term trades, there are entries at 725 and 705 for long positions.
Today’s Market Analysis:
For Bitcoin, pay attention to the 745 level today. As long as the pullback does not break this level, the bullish trend will strengthen, and the next target is the previous high of 76. If this level is strongly broken, the smaller scale will likely pull back again, but if it breaks through and moves above 775, 793, 815, expect short positions around these levels.
If today’s price falls below 745, the hourly scale will start to retrace, with the first support at yesterday’s previous low of 735. If it does not break this level, a rebound is expected; if it breaks, look for long entries around 725, 706, 695.
For Ethereum, pay attention to 2345 today. As long as the pullback does not break this level, it will continue upward. The next target is the previous high of 2385. If this level is strongly broken, it will likely pull back again, with short entries around 2415, 2455, 2500.
If it falls below 2345, the hourly scale will start to retrace, with support at yesterday’s previous low of 2305. If it does not break this level, a rebound is expected; if it breaks, look for long positions around 2265, 2215, 2175.
For Solana, pay attention to the 84 level today. As long as the pullback does not break this level, it will continue upward. The next target is the previous high of 87. If this level is strongly broken, it will likely pull back again, with short entries around 90, 93, 95.
If it falls below 84 today, the 1-hour scale will start to retrace, with support at 82, 79, 76. Look for long positions around these levels.