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Recently, the cryptocurrency market has shown characteristics of frequent fluctuations, with major currencies such as Bitcoin, Ethereum, Solana, and Binance Coin experiencing significant price volatility.
Bitcoin is currently in a sideways consolidation phase, with a key support level around 118400. If the price breaks below this level, it may trigger further declines, with the next important support level around 115700. If this level is breached, it could create a bearish trend, with a target price potentially dropping to around 110000. Conversely, if the price can break above 118400, it may form an upward trend, with resistance levels at around 120000 and 121000. If these resistances can be broken, it may push the price further up to levels of 122000 or even 123300.
Ethereum is currently in a pullback trend on the four-hour level. The key resistance level for the night rebound is at 3680, and further upward movement is only possible if the four-hour candlestick closes above this level. If it can break through, the next resistance levels will be 3760, 3850, and 3900. However, it is not recommended to blindly go long before breaking 3680. The support range below is between 2530 and 2470, with 3400 also being a defensive level to watch.
Solana has seen a deeper pullback on the four-hour level. The key resistance zone for the overnight rebound is between 195-198. Only by breaking through this zone is there a possibility for further upward movement, with targets potentially pointing to 210 and 220. If it fails to break through, it may continue to pull back, with support levels around 185 and 180.
After hitting a historic high, Binance Coin has experienced a significant pullback. Currently, the minor resistance level is around 790. If the one-hour candlestick fails to break this level, it may continue to retrace. The support levels below are around 776, 760, and 750. However, if it can break through 790, there is still a possibility of a second surge.
Overall, the cryptocurrency market is currently at a critical turning point, and investors need to closely monitor the key price levels of various coins in order to seize market trends in a timely manner.