BTC is currently undergoing a corrective movement within an ascending channel, combined with a Fibonacci retracement structure. The current price is fluctuating around the 50% retracement level near 83,539. In the short term, watch for a rebound to test the upper trendline resistance (around 84,000). If the rebound fails to hold above this level, it will most likely continue to retrace. The first support below is at 82,794 (38.2%), with strong support at 81,873. The overall structure is a consolidation phase following a rebound, leaning towards a weak oscillation.
ETH is moving in tandem with BTC, but relatively weaker, and is currently trading within a range. Support at the lower end is around 2,405, with short-term resistance at 2,600–2,580 above. It is expected to see a minor rebound first to test resistance levels; if it meets resistance and fails to break through, there may be another downward test of the lows. This is a weak consolidation range, and until a breakout occurs, expect continued sideways movement.
SNDK's previous long-term uptrend line has been broken, and a pullback has confirmed resistance. If the rebound cannot surpass the former trendline, the subsequent move is likely to continue downward, shifting the trend from bullish to weak. Short-term resistance is at 1,530–1,580.
SOL is also operating within a descending channel. There is a short-term opportunity for a minor rebound; after hitting the upper channel resistance around 112–116, it is expected to face renewed pressure and decline again, marking a rebound correction within the descending channel.
Personal opinion, for reference only.
