Bitcoin: oscillation rebound, Bullfight with Bear

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After the bitcoin market fell to a minimum of 82188 in the morning, a strong rebound occurred. During the daytime session, there was a small structural wave up, testing the level of 87030, and now trading around 86700. From a technical point of view, first of all, on a short-term upward elasticity level, attention should be paid to the resistance level of 87000. Only when this resistance level is successfully surpassed on the 4-hour chart, a noticeable rebound strengthening and further powerful upward movement at the 4-hour level can be expected. If this happens, the upward resistance level will be set around 89300, so investors holding short positions should carefully monitor this level and timely take profit.
However, if today at the four-hour level we fail to break through 87000, the rebound strength will be quite limited, investors should be cautious of the risk of a retest of the support price from below. The support range for a second test from below is in the range of 82300 - 80000, for investors considering the possibility of price increases, this range is an ideal time to place many deals on the rise and profit from the rebound. Bitcoin, as a benchmark for the cryptocurrency market, its price fluctuations not only affect the sentiment of the entire market but also have a deep impact on the movement of other digital currencies. In the current market conditions, each price fluctuation of bitcoin can trigger a large amount of funds flowing in or out, leading to the rise or fall of the entire market.
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【Ethereum: weak rebound, watch key support】
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Ether shows relatively weak dynamics during the rebound. At the moment, its rebound height quickly dropped after reaching the level of 2380. However, from a technical point of view, this low-level rebound is almost complete. If the price does not break below 2300 on the way back, investors may consider entering a long position to profit from the rebound. The upper resistance of the rebound is primarily aimed at the level of 2420, when the price reaches this position, investors may choose to reduce positions or exit completely, locking in some profits.
To initiate a significant bearish trend, Ethereum must pass the support level of 2420 on the four-hour chart, after which the upper resistance will be considered at levels 2450 - 2520. If the price on the one-hour chart turns back and breaks below the 2300 level, investors should carefully monitor the support at the bottom, consisting of levels 2250 - 2200 - 2100, where there is a possibility of continuing the bearish movement. As a pioneer in the field of smart contracts, Ethereum has always attracted market attention to the development of its ecosystem and the expansion of its application. With the implementation of Ethereum 2.0, its performance and scalability have the potential for significant improvement, which will also provide more opportunities for Ethereum price movement.
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【SOL: breakthrough of an important level, attention to support efficiency】
Recently, the SOL movement is at a key point that attracts significant market attention. From a four-hour chart perspective, SOL successfully broke through the important resistance level at 140, followed by a bounce at the support level of 137. This breakout and bounce process is crucial for predicting SOL's future movement. If during the bounce on a smaller timeframe, the price can stay above the 137 support level, there is a high probability that SOL will start moving upwards, with key resistance levels at 146 and 155. In actual trading, investors should carefully monitor the closing of the hourly candlestick chart. If the closing of the hourly candlestick chart falls below the 137 support level, investors holding long positions should decisively exit the market manually, setting stop-loss orders in a timely manner to avoid possible losses. As a new public blockchain project, SOL attracts significant attention from developers and users due to its high productivity and low fees. The rapid development of its ecosystem also provides substantial support for increasing the value of SOL. However, market uncertainty still exists, so investors watching for potential SOL growth should also remain vigilant about market risks.
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【Shanzhai currency: falling without a bottom, pay attention to the rebound may come】
During price fluctuations in leading cryptocurrencies like Bitcoin and Ethereum, new changes are also taking place in the altcoin market. Many altcoins are now showing a situation where they cannot fall further and are not following the market in its descent. In this context, the advantages of altcoins in terms of price-quality ratio begin to emerge. Due to significant previous price losses, many altcoins are currently trading at relatively low levels, and when market sentiment improves, these altcoins may start a significant recovery.
During trading, investors can choose some altcoins whose prices have already set new lows depending on their position and actively take advantage of the reaction opportunity. When selecting altcoins, investors should take into account the project fundamentals, technical capabilities, team experience, and market recognition comprehensively. Some altcoins with innovative technologies and practical applications may demonstrate excellent results during market reaction. This could be a great moment for investment when people are still struggling to recover funds, those who can seize opportunities can make a profit. However, investing in altcoins also carries high risks as some altcoins may face project stagnation, loss of communication with the team, etc. Investors participating in altcoin investments must be cautious and risk management.