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The crypto market has shown an encouraging rebound today, but the future trend still requires cautious observation. The overall rebound strength of the market is noteworthy, with major coins experiencing varying degrees of rise.
In terms of Bitcoin, after reaching a daily high of 111420 points, it began to fluctuate and retreat, indicating that the Rebound momentum has weakened. Currently, the market has entered a top consolidation phase in the short term. If it can maintain the Rebound momentum and break through the previous high, the pump trend is expected to continue. Investors need to closely monitor the key support level at 113270. If the four-hour level can hold this position, the rebound market may continue, with resistance levels at approximately 114200, 115110, and 115975 above. Conversely, if it falls below this support, it may likely signal the end of the rebound, and the market may turn weaker. At that time, attention should be paid to support levels at 111990, 111200, and 110100.
The key position for Ethereum in the short term is at 3440 points. If it can hold this level within the 1-2 hour time frame, the Rebound is expected to further unfold, with resistance levels located at 3513, 3551, and 3593 above. If it breaks below 3440, it means the Rebound has come to an end, and a further decline may occur. Investors should closely monitor support levels such as 3400, 3366, and 3320.
Solana performed well today, and the key level to watch tonight is 159. If it can hold this point, the rebound trend is expected to continue, with upper targets at 162, 165, and 170. However, if it breaks below 159, it may signify the end of the rebound, and the market might drop again, with support levels around 156, 152, and 148.
Overall, although the market has experienced a Rebound, investors still need to remain vigilant and closely monitor the performance of various key price levels, and manage risks appropriately. The market may continue to fluctuate in the short term, and the long-term trend still needs further observation.