BTC.ETH.SOL.BNB.Night Market Analysis

BTC

Good evening, brothers. The market surged during the day, and everyone was in a good mood, but tonight we got hit with a big bearish candle, resulting in a 2000-point pullback. In such a volatile market, chasing highs and cutting losses is the first way to become a casualty. In tonight's live stream, we were discussing the range of 91000-90000 for a long position, but before the midnight close, that level was broken. However, it’s okay to wait for the midnight close for confirmation. If the midnight close falls below 90000, we can exit our long position and wait for a spike in the range of 88000-86000 to look for a rebound, or wait to add a position in this range. When looking for a bullish breakout, we must wait for a close above the price of 90000. The target resistance remains around 94000.

ETH

Currently, the four-hour support level for ETH is 3070, which hasn’t been broken; so as long as this price holds, the rebound pattern remains intact. Even if there’s a spike into the range of 3050-3000, we can look for a small long position again, but if it breaks below 3000, we abandon the bullish stance. The target resistance remains around 3230, and if we break through, we look for 3500-3600.

SOL

For SOL, the four-hour support level of 135 hasn’t been broken, so as long as this price holds, the rebound pattern remains intact. Even if there’s a spike into the range of 135-130, we can look for a small long position again, but if it breaks below 130, we abandon the bullish stance. The target resistance remains around 140-145, and if we break through, we look for around 160.

BNB

For BNB, the four-hour support level of 896 has been broken, and we look for defensive support at 880 and 870. If these two levels are broken, the bullish pattern deteriorates, and we abandon our long positions. If it doesn’t break, we can continue to look for a rebound to push higher, with target resistance at 930-950. If we break through, we look for 1015.

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