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Against the backdrop of 24-hour trading in the cryptocurrency market, night market analysis is especially important for investors. In this article, we will break down the overnight movements of Bitcoin (BTC), Ethereum (ETH) and Solana (SOL).
For bitcoin, investors need to keep an eye on the key resistance level of $106,045. If the price is able to break above this level, it could trigger a new round of growth, with the next target range between $107,745 and $109,670. However, if the price fails to break above $106,045, a pullback could occur. In this case, $104,585 will act as an important support level. If this level is broken, we may see a deeper pullback, and investors should focus on support in the $103,200 to $100,750 range.
Ethereum's key resistance is at $2,414. If it can hold this level, the next challenge will be the top of the sideways zone at $2,445. After breaking above this level, ETH may continue to rise towards the $2,468-$2,520 range. However, if the price fails to break above $2,445, a pullback could occur. $2,388 will be an important support level, and if broken, the next support range will be between $2,353 and $2,278.
Solana's move is also worth watching, with $144.5 being a key level. If it can hold this level, SOL could challenge the top of the sideways zone at $146.8. After the breakout, the next target range is between $149-155. If it fails to break above $146.8, it could pull back to the $142.2 support level. If this level is broken, we could see a deeper pullback with the next support range between $139 and $132.5.
In general, after experiencing sideways movements during the day, the key to the nighttime market is whether it can break through the top of the respective sideways zone. Only by breaking through these key resistance levels can the market start a new round of gains. Otherwise, we may see continued pullbacks and possibly even deeper pullbacks. Investors should pay close attention to these key price levels and adjust their strategies in a timely manner according to market changes.