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The cryptocurrency market is showing a complex trend tonight. Bitcoin (BTC) has experienced multiple rebounds at the $114,000 position and is currently in a short-term rebound phase. However, the daily chart still shows a downward trend, making the area around $116,800 a potential key resistance level. Investors should closely follow the critical level of $118,000, as only a breakthrough at this level could reverse the current downward trend. If it fails to break through, the support level remains at $114,000, and if it breaks down, it may test $112,000 or even $110,000.
The performance of Ethereum (ETH) is relatively weak, with insufficient rebound momentum. Recent resistance levels are at $3660 and $3720, with the key resistance on the daily chart at $3750. If these levels cannot be broken, a downward trend may continue in the short term. Investors can follow the support range between $3520 and $3470, but should be wary of the risk level at $3450.
Solana (SOL) is also struggling to rebound, needing to break through $170 to show upward momentum. $175 is the next important resistance level. If it cannot break through these levels, the support level below is around $160, with $155 being a stronger support level.
The Binance Coin (BNB) daily chart also shows a downward trend, with limited rebound strength. The range of $778 to $788 is an important resistance level that needs to be broken on the 4-hour chart for a further rise to be expected. $798 is the key resistance level on the daily chart. If these levels cannot be broken, the support levels below are at $745, $720, and $700.
Overall, the current market is still in an adjustment phase, and investors should remain cautious, closely monitor the breakthrough of various key levels, and manage risks effectively.