Night trend analysis on 5.9: BTC, Ether, SOL


Dear friends, good evening☀. The tranquility of the night has not lulled the market to sleep; instead, it is filled with undercurrents, brimming with opportunities and challenges.
BTC: Consolidation game, waiting for a breakthrough
Currently, BTC is showing a top consolidation pattern on the 4-hour chart. After a previous strong surge, the current consolidation resembles a calm beach after the tide has receded, indicating that this wave of upward momentum has temporarily come to a pause. In this range of consolidation, the market's bullish and bearish forces are in a delicate balance, and any breakthrough by either side will break the deadlock, leading the market in a clear direction.
At night, it is necessary to closely monitor the top 104365 and bottom 102360 of the consolidation zone, these two key points. As long as the BTC price remains above the bottom 102360 of the consolidation zone, the rebound momentum of the smaller time frame is expected to continue. At this time, the resistance level above 104365 becomes particularly important; if it can be successfully broken through, BTC is expected to rise further, challenging higher positions such as 105395, 106400, and even 107255, initiating a new round of upward movement.
However, if BTC unfortunately breaks below the bottom of the consolidation zone at 102360 during the night, the trend is likely to turn downward, causing a pullback on the 1-2 hour level. At this time, the support levels at 100950, 99200, and 97730 will become the focus of investors, as they will provide some cushioning for BTC, but if the support levels are breached, the potential for further decline in the market may open up.
Ether: Consolidating, a rebound is expected.
Ether is currently in a sideways state on the 1-2 hour level, indicating that the market is in a wait-and-see and adjustment phase. At night, the top of the sideways range at 2389 and the bottom at 2312 will become key dividing lines for Ether's trend.
As long as the price of Ether firmly holds at the bottom of the consolidation zone at 2312, a rebound in the lower timeframe is worth looking forward to. The upper boundary of the consolidation zone at 2389 is the short-term resistance level for Ether. If it can effectively break through, Ether is expected to further expand upward, targeting higher positions such as 2436, 2490, and even 2550.
Conversely, if Ether breaks below the support level of 2312 during the night, the market will turn downward, leading to a pullback on the hourly chart. At that time, the support levels at 2260, 2203, and 2156 will become Ether's defense line, and it is necessary to closely monitor the support strength at these levels to assess the depth of the market decline and the extent of the adjustment.
SOL: Key level, a strike to the throat.
For SOL, the position of 167.5 is particularly critical during the night. As long as the smaller scale market does not drop below this position, the rebound of SOL will continue. The resistance levels above at 172.7, 176, and 180.4 will become important barriers in the upward process of SOL, and it is necessary to closely monitor SOL's performance at these positions to determine whether it can successfully break through and rise further.
However, if SOL breaks below the key support level of 167.5 at night, then the hourly market will enter a correction mode. At this time, the support levels below 164.3, 161.3, and 158.7 will become important defense lines for SOL, and one must be wary of the further downside risk.
Midnight trend analysis is for reference only! Wishing everyone a pleasant weekend!!! #Launchpad Initial Offering PFVS# #Will BTC Hit a New ATH?# #Crypto Market Rebounds#
NIGHT-0.19%
BTC-1.18%
SOL-4.06%
NOT0.1%
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