The crypto market has been under pressure over the past 24 hours, with most major coins trading in the red. Bitcoin is down by 1.25%, currently hovering around $83,000. Ethereum has slipped 3.62% to $1,836, while Solana is trading at $125.60, down 2.56%. Other leading cryptocurrencies are also following this bearish trend.
Let’s break down the key support and resistance levels for Bitcoin, Ethereum, and Solana, and discuss the potential trade setups for the next session. All chart levels mentioned below are based on the 15-minute timeframe.
Bitcoin Chart Analysis & BTCUSD Moves
Bitcoin is showing signs of a continued downtrend and is currently trading at $83,000. On the upside, immediate resistance is seen at $83,500. If BTC manages to break above this level, the next resistance zones to watch are $84,500 and $85,400.
On the flip side, if the downward momentum continues, traders should keep an eye on the key support at $82,700. A break below this could open the door to further downside towards $82,000 and then $81,100, as indicated on the chart.
Ethereum Chart Analysis & ETHUSD Moves
Ethereum is also trending lower, currently priced at $1,836. The immediate resistance level is at $1,867. If ETH breaks through that zone, look for further resistance at $1,915 and $1,949.
As for support, short sellers should monitor $1,831. If this level gives way, Ethereum could potentially test $1,809, followed by the psychological support at $1,800, and then $1,772.
Solana Chart Analysis & SOLUSD Moves
Solana continues its bearish run and is trading around $125.60. The immediate resistance to watch is $128.20. A breakout above this level could push prices towards $131.70 and then $136.14.
On the downside, support sits at $122.40. If SOL breaks below that, further support levels to watch are $118.45 and $113.72.
Trade Setup Summary
We’re currently seeing range-bound action with a bearish tilt. Traders should be ready to go long or short based on key breakout or breakdown levels. Watch the mentioned zones closely to identify entry and exit points.
📌 Note: Our Daily Crypto Market Analysis and Trade Setup is published every day at 6:00 PM IST on 72crypto.com.
