The market is currently navigating a wave of volatility, with key assets testing critical support levels. Here is a breakdown of the technical landscape for Bitcoin, Ethereum, and Solana to help you plan your next moves.
🟠 Bitcoin (BTC/USDC) – Holding the Line
$BTC is currently hovering around $68,625, showing a short-term bearish trend on the 4H chart but approaching a potential reversal zone.
Indicators: RSI (14) at 39.49 suggests we are nearing oversold territory. Price is currently hugging the lower Bollinger Band ($68,133).
Support: $67,500 - $68,100
Resistance: $70,150 (Mid-Band) | $72,000
📈 Trade Idea:
Long: Entry at $67,500 - $68,100. Target: $70,150+. Stop Loss: below $66,900.
Short: Entry on a failed retest of $70,100. Target: $68,100. Stop Loss: above $70,900.
🔵 Ethereum (ETH/USDC) – Under Pressure
$ETH is looking slightly weaker than BTC, trading near $2,061. It is currently sitting below all major moving averages on the 4H timeframe.
Key Levels: Support at $2,022; Resistance at $2,126.
Strategy: Look for Short positions on a bounce toward $2,100 - $2,120. For Longs, wait for a confirmed bounce from the $2,020 support level.
🟣 Solana (SOL/USDC) – Tight Range
$SOL is trading at $86.08, struggling after losing the $90 psychological support. It is currently moving within a narrow descending channel.
Support: $85.07 (Recent Low).
Resistance: $89.70 (Mid-Band) | $91.17 (Supertrend).
Strategy: Scalp Long from $85.10 with a tight Stop Loss at $83.80. Short entries are ideal at the $89 - $90 retest.
⚠️ Risk Warning: Trading futures involves high risk. Always use a Stop Loss and manage your leverage wisely.
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