After the sharp downturn the market experienced in the past few days, initial signs of a potential bounce are starting to show on the 4-hour timeframe for several leading coins, specifically:
BTC | ETH | SOL | BNB
This reading is based on monitoring the current price action, along with signals from the #Cryptomaxx SMC-SK System, which indicates that prices have reached short-term demand and accumulation zones following the recent strong drop.
But before diving into the details, it's important to clarify a fundamental point:
What we're seeing now doesn't necessarily mean the downtrend has ended, nor does it mean the market has entered a confirmed bullish reversal.
The current reading is closer to a corrective bounce within a larger downward wave, so confirmation is more important than expectation.
First: #BTC走势分析
Bitcoin is currently trading near a short-term support area around the range of $61,000 – $62,000.
This zone is very important in the current reading, as holding the price above it could support an attempt to bounce towards higher areas, especially towards $65,000, and later around $68,000 if the buying momentum continues.
However, breaking this zone and losing the last low could weaken the bounce scenario and open the door for a new wave of selling pressure.
The important thing in BTC right now:
We need to see stability above the current support, then break the last swing high on the 4-hour frame for the bounce scenario to strengthen.
Secondly: $ETH
For Ethereum, the price has started to show some kind of consolidation after the recent sharp drop.
The most critical zone right now is around $1,720.
If ETH can reclaim this zone and hold above it, we might see an extension of the bounce towards $1,830 – $1,840.
But for now, the price still needs clear confirmation, as the current movement is still within a corrective range after a strong drop.
The important thing in ETH right now:
Reclaiming the $1,720 zone would be a positive signal, while failing to do so could keep the price under pressure.
Thirdly: $SOL
SOL is currently hovering around a nearby support zone between $62 – $64.
This zone has started to show signs of consolidation, and with early signals from the system, we might see a bounce attempt if the price can hold this area and not break it.
If the bounce gets confirmed, nearby targets could be around $68, then approximately $77, which might represent a retest of previous supply and liquidity zones.
The important thing in SOL right now:
Holding above $62 – $64 is very important, and any clear break of this zone could weaken the temporary bullish scenario.
Fourthly: $BNB
As for BNB, it's currently trading near a support zone after the recent drop, specifically around the range of $580 – $595.
Staying above this area could support a bounce attempt towards around $632 – $645, which is an important zone as it represents a nearby supply range that the price might try to retest.
But like the rest of the market, we don't consider the movement confirmed until stronger confirmations appear on the 4-hour frame.
The important thing in BNB right now:
Maintaining the $580 – $595 zone is crucial for the continuation of the bounce scenario; breaking it could reintroduce selling pressure.
General summary
The market is currently in a very sensitive area.
The most likely scenario technically is a potential short to medium-term bounce to retest higher supply and liquidity areas, especially after the strong drop that occurred in the past few days.
But this scenario needs confirmation, and the main confirmation criteria are:
Prices need to stay above the current support levels.
Break above the last swing high on the 4-hour frame.
Clear buy volume is showing up.
Avoid breaking the recent lows.
If the current lows are broken again, the bounce scenario will clearly weaken, and the market might enter a new down wave.
So personally, I see the market may offer a good bounce opportunity, but random entry without confirmation is still high risk.
We watch calmly and wait for confirmations instead of rushing in.
Note: This article is not financial advice, but an educational technical reading based on charts and indicators. Trading and investment decisions are your personal responsibility.