BTC and SOL Price Analysis for October 3, 2023

BTC couldn't maintain its position above $28,000, dropping to $27,300. Here's an in-depth look at the market conditions for Bitcoin (BTC) and Solana (SOL) as of Tuesday, October 3.
Bitcoin (BTC)
Sellers showed strength in the resistance zone between $28,250 and $28,550, causing the BTC price to retreat to the $27,280 support level. Currently, it seems the correction might continue.
The next prominent buy zone is pegged between $26,700 and $26,900. If the buyers cannot sustain this level, Bitcoin might dip to around $26,500, possibly reaching a new short-term low.
The key resistance stands at $27,850. If Bitcoin can surpass this, it might challenge the $28,250-$28,550 zone again, aiming for the seller-dense area between $29,100 and $29,500.
BTC CHART ON THE М15 TIMEFRAME
Solana (SOL)
Solana has been showcasing positive momentum, maintaining an upward trajectory for the past three weeks. While the asset's attempt to break the $24.20-$24.75 resistance didn't succeed, the quick rebound following its recent dip indicates that the upward momentum remains strong.
If SOL manages to break through its present resistance, it might aim for $25.5 and could set new highs.
A temporary correction is also possible, with potential declines testing the support zones at $22.5-$23.1 and $21.3-$21.8. Settling beneath the latter range might signal a shift to a downward trend.
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