"1.5 Market Analysis: The Rally Is Complete, Discussing the Height Issue!"



The market has surged again, and Bitcoin has pulled back after reaching the resistance zone of 93,200-93,400 as predicted yesterday. The next question is whether it will stagnate and retrace here or confirm support and attempt to break through the previous high of 9.4K. This is what we need to discuss—what is the height of this rebound? $BTC

BTC's short-term support today is between 91,500-91,700. If there is no support here, the structure of this rally will be compromised. Support levels below are 89,800 and 88,700. If the short-term support at 91,500 holds and is validated, then 95,800 is a significant resistance level.

$SOL The support at 131 for Solana is also above the price segmentation line. If it remains above this level, it can rebound further, with resistance at 141.6. If it directly breaks below support, watch for the 124.5 level.

$ETH Ethereum's resistance at 3190 mentioned yesterday still shows some reaction. Support levels below are 3045, 2990, and 2940. If it moves higher, watch the resistance at 3370.

In summary, on the daily chart, Bitcoin tested the resistance zone of 93,200-93,400 and pulled back. This is not good news for the bulls. Today, we need to see if the short-term support zone can hold again; otherwise, the rebound top will be confirmed once more. The subsequent move will likely begin a retracement, preparing for the next trend. If you don't understand the market or can't grasp the direction, feel free to join the Chief Analyst. Click to join the Chief Analyst community (Follow the Chief for daily market analysis and precise entry points. Long and short positions are for reference only. Strict stop-loss and take-profit are recommended).
BTC0,11%
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