From today's hourly structure, the rhythms of the three mainstream cryptocurrencies, Bitcoin, ETH, and SOL, have become very unified: yesterday's drop to 85073 completed the final leg of a long squeeze, and today is experiencing a market of 'repair + reduced volume fluctuation', rather than continuing to decline.
First, let's talk about Bitcoin (BTC current price 87500)
85073 is a clear stage low point, which has been confirmed by the market today: after breaking below, it quickly rebounded, and the price has remained above that low point throughout the day, indicating that the panic selling has been fully released. The current hourly chart is moving sideways near the middle band of the Bollinger Bands, with moving averages starting to converge and flatten, a typical consolidation structure after a washout.
Today's focus is not on explosive growth, but on not breaking key levels. The support zone below 86500–86000 is the intraday defense area; as long as it doesn’t drop back here, the overall market direction remains biased towards a bullish fluctuation; the short-term pressure above is at 88200–89000, and breaking through in one go is quite challenging, more likely to test repeatedly.
ETH (2959)
ETH is clearly stronger than yesterday, with higher lows and has not retraced below 2900, indicating that the capital's attitude is to 'follow the repair of Bitcoin', rather than actively shorting. Around 2950 is the balance point between bulls and bears, more of a time-for-space exchange.
SOL (129.6)
SOL is synchronously moving sideways, with clear support at 128, in a healthy structure, but still looks to Bitcoin's movements and will not trend independently.
Today is a day of fluctuation digestion, not a directional market. The washout has been completed; what we are waiting for next is the choice after the fluctuation is finished, rather than chasing long or short positions in the middle. Staying steady means leaving space for what comes next.
If you are still anxious about which coins to trade in the current market, if you are still emo about missing out or being trapped, stop overthinking it! Chat room speed
