Key Takeaways
- Major cryptocurrencies (BTC, ETH, SOL, BNB, DOGE) show bullish reversal signals.
- Critical resistance and support levels identified for each asset.
- Four-hour closing prices below key supports would invalidate current rebounds.
BTC Analysis
Bitcoin broke through the 94,600 resistance and initiated a strong four-hour rebound. Current focus points:
- Next Resistance: 99,451 (daily close above this level could trigger secondary rally)
- Immediate Supports: 96,500 / 95,000 (hold for continued uptrend)
- Rebound Termination: Four-hour close below 95,000
👉 Bitcoin’s volatility explained
ETH Analysis
Ethereum cleared its first resistance with eyes on:
- Upper Targets: 3,555 / 3,609 (daily close above 3,609 may confirm trend reversal)
- Supports: 3,435 / 3,380 (must hold to sustain momentum)
- Watch For: Four-hour close below 3,380 to end rebound
SOL Analysis
Solano approaches second resistance at 201:
- Breakout Potential: Daily close above 201 targets 211–223
- Supports: 193 / 188 (critical for short-term uptrend)
- Rebound End: Close below 188
BNB Analysis
BNB tests 701 resistance:
- Next Targets: 722 / 737 if 701 breaks
- Supports: 690 / 680 (four-hour close below 680 ends rebound)
- Long-term Supports: 638 / 618
DOGE Analysis
Dogecoin surpassed second resistance:
- Key Resistance: 0.35 (daily close above confirms trend continuation)
- Upper Targets: 0.374 / 0.396
- Supports: 0.33 / 0.32 (close below 0.32 terminates rebound)
FAQs
Q: What triggers cryptocurrency rebounds?
A: Breakouts above key resistance levels with volume confirmation often initiate uptrends.
Q: How reliable are four-hour closing prices?
A: They provide short-term trend validity but require daily closes for longer-term confirmation.
Q: When should traders exit positions?
A: When supports are breached on four-hour closes or if resistances hold repeatedly.