Today’s market overall shows a narrow range of fluctuation, with market liquidity relatively weak. Prices are repeatedly testing within a fixed range. In this kind of market, the core strategy for intraday trading is to focus on the high and low points.



**Bitcoin Perspective**

Currently, BTC has surged to around 87,600, but the rebound pattern has not yet broken the level. The next key area to watch is the resistance zone between 89,000 and 90,500. If the price encounters resistance here, short opportunities are worth noting. The key intraday support level is at 87,500. Once the four-hour candle closes below this level, it indicates that the small-scale rebound cycle may be coming to an end, and the market is likely to enter a new downward trend. The subsequent support targets are at 86,500, 85,000, and 84,000.

**Ethereum Movement**

Ethereum’s rebound is relatively weak. This wave of rebound only reached near 2,960 resistance and failed to break through effectively. Therefore, today’s focus remains on the two resistance zones at 2,960-3,000. Without a breakout above these levels, the probability of maintaining a downward small-scale trend is high. If all goes as expected, support levels below are at 2,900, 2,820, and 2,770. Notably, if ETH can break through 3,000 today, there may be short opportunities again in the 3,050-3,100 range.

**Solana Performance**

SOL also encountered resistance near 123.5 and failed to break through effectively. Intraday resistance is at 123.5-125. The small-scale trend still leans toward downward. Support levels below are at 120, 118, and 116. When testing these levels again, consider building long positions in batches.

**Binance Coin Market**

BNB’s intraday rebound resistance is in the 850-854 range, with limited short-term rebound strength. Short positions can be set with stops at this level. Support targets below are at 820, 800, and 790. When the price touches these levels, watch for opportunities to go long.

**Overall Advice**

Long and short operations are for reference only. Be sure to manage your positions carefully; controlling risk is always the top priority.
BTC-0.43%
ETH-1.33%
SOL-1.32%
BNB-1.43%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
TokenToastervip
· 16h ago
It's that kind of middle-range market again, so annoying. No wonder so many people are getting caught today. I should have known not to trade, it looks like I need to hold the 87500 line. ETH is really disappointing, always stuck at 2960, can't move it.
View OriginalReply0
PumpDetectorvip
· 16h ago
nah eth's been a total underperformer lately... those 2960-3000 levels are basically acting like a brick wall rn tbh. seen this pattern too many times before, weak hands getting shaken out
Reply0
CounterIndicatorvip
· 16h ago
Narrow-range fluctuations are back again, and I'm really a bit tired of this wave, waiting for a breakdown Bitcoin is still the same, only valid if it breaks below 87,500 Ethereum is really weak, can't even reach 3,000 It's boring, where's the liquidity?
View OriginalReply0
SleepyArbCatvip
· 16h ago
87600 hasn't been broken yet, this market is really a lazy cat's nest... Wait, if 89000 really drops below 87500, I need to wake up quickly.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)