The crypto assets market has once again experienced fluctuations, with the Bitcoin price dipping to a low of $99547 in the early hours, forming a new double bottom structure. Subsequently, the market rebounded, with prices climbing to around $106050. The movement of Ether has been in sync with Bitcoin, rebounding from a low of $2187 to around $2440. Currently, long positions are driving the market to rise strongly, but it has also entered an adjustment and correction phase.
From the current market situation, Bitcoin is showing signs of a rebound from the bottom again on the daily chart. After stabilizing around $99,500, the price gradually rose to the middle band of the Bollinger Bands. It is worth noting that around $106,500 is a key resistance level and also the starting point of the previous decline, so investors should closely monitor the breakout of this level. On the four-hour chart, the continuous rising trend has broken through the middle band, but the upper band still exerts pressure, leading to a pullback. The Bollinger Bands are showing a sideways consolidation trend, which indicates that fluctuations may occur in the short term.
Market participants should pay attention to whether the intraday first resistance level can be effectively broken. If the breakout fails, it may continue to maintain a high-level fluctuation or a downward trend. Considering the current uncertainty in the market, investors need to remain cautious when formulating trading strategies, closely monitor changes in key price levels, and adjust strategies in a timely manner according to the actual market trends.
Overall, although Bitcoin and Ethereum have experienced a certain degree of Rebound, the market still faces many uncertainties. Investors should remain vigilant and pay attention to factors such as global macroeconomic conditions, changes in regulatory policies, and market sentiment in order to better grasp market trends.
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APY追逐者
· 5h ago
Can BTC reach a new high again?
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GateUser-40edb63b
· 5h ago
It's another round of jumping back and forth, retail investors are really having a hard time~
The crypto assets market has once again experienced fluctuations, with the Bitcoin price dipping to a low of $99547 in the early hours, forming a new double bottom structure. Subsequently, the market rebounded, with prices climbing to around $106050. The movement of Ether has been in sync with Bitcoin, rebounding from a low of $2187 to around $2440. Currently, long positions are driving the market to rise strongly, but it has also entered an adjustment and correction phase.
From the current market situation, Bitcoin is showing signs of a rebound from the bottom again on the daily chart. After stabilizing around $99,500, the price gradually rose to the middle band of the Bollinger Bands. It is worth noting that around $106,500 is a key resistance level and also the starting point of the previous decline, so investors should closely monitor the breakout of this level. On the four-hour chart, the continuous rising trend has broken through the middle band, but the upper band still exerts pressure, leading to a pullback. The Bollinger Bands are showing a sideways consolidation trend, which indicates that fluctuations may occur in the short term.
Market participants should pay attention to whether the intraday first resistance level can be effectively broken. If the breakout fails, it may continue to maintain a high-level fluctuation or a downward trend. Considering the current uncertainty in the market, investors need to remain cautious when formulating trading strategies, closely monitor changes in key price levels, and adjust strategies in a timely manner according to the actual market trends.
Overall, although Bitcoin and Ethereum have experienced a certain degree of Rebound, the market still faces many uncertainties. Investors should remain vigilant and pay attention to factors such as global macroeconomic conditions, changes in regulatory policies, and market sentiment in order to better grasp market trends.