4.9 Market Trend Analysis

Good afternoon, brothers. Yesterday's market analysis indicated that there was a rebound demand on the smaller timeframes, but do not blindly chase the long side. After a slight rebound in the early morning, the market retreated again, and our short positions' profits have further increased. The short-term positive news brought by this wave of market sentiment showed a weakening rebound strength after the rally. Today is quite critical; if the key level is broken, the correction will accelerate.

For Bitcoin, focus on the 70400 level. If the 4-hour closing price does not break this level, the smaller timeframes will still rebound, initially targeting the previous high of 72858. If it cannot break through, the smaller timeframes will retest lower levels; if it breaks through, resistance above is around 74000-76000.

If it falls below 70400, the 4-hour timeframe will shift into a correction, with support levels at approximately 69100-67730-66600.

For Ethereum, focus on the 2198 level. Only if the 4-hour closing price stabilizes above this level will the rebound continue, with resistance above around 2260-2300-2350. If it cannot hold above 2198, the market will continue to decline, with support levels at approximately 2160-2100-2060.

For SOL, watch the 83 level. If it cannot hold above this level, the market will continue to decline, with support around 80-78-75. If the 4-hour timeframe stabilizes above 83, the market will continue upward, with resistance above around 85-88-92.