altcoin 4H level Rebound, upper resistance

BTC is fluctuating around 88, with a shallow pullback of 2% yesterday but no deep retracement. The active sell orders seem to have weakened. In the short term, bulls can be a bit less anxious.

We sent out a daily level setup for SOL the day before yesterday. Here, let's not discuss SOL for now, but take a look at other altcoins.

Overall, altcoin is currently undergoing the third Rebound at the 4H level (starting from October 11). Reference #DOGE:

The last two rebounds both hit the 4H vegas and then continued to decline. Currently, if we mimic the previous two rebounds, there is still considerable space for an upward rebound, which means that if you are a bear, it is not wise to enter the market at this position.

Similarly $AVAX

The resistance at the 4-hour level is at MA100, and there is also space above.

For these altcoins currently trending down at the 4H level, the main focus is on whether they can break through these "trend filtering lines." If they do break through, the rebound level may be expanded to the daily level.

$SOL is currently being pressured by diverging bearish moving averages on the 4H chart.

If the moving average resistance is broken here and a higher high is made → a 4H level reversal can be seen, and the rebound level can be expanded to the daily level, which we refer to as the SOL daily level rebound to the 175-200 range. Other altcoins such as $DOGE follow the same principle.

If the moving average continues to face resistance and retraces here → it is very likely that BTC will test the lows again or even reach new lows, and the 4H level of altcoins will continue to drop and make new lows.

Please choose your favorite script, family members.

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