Recently, the Crypto Assets market has experienced significant Fluctuation, with Bitcoin briefly falling to 112000 this morning before showing a Rebound. It is noteworthy that most alts have demonstrated a clear Rebound momentum.



Analysis suggests that Bitcoin still has some room before reaching the top of this rebound. Investors should closely monitor the following key resistance levels: Bitcoin 116000, Ethereum 3530-3550, Solana 170.

Looking ahead to next week's market, two possible scenarios may occur:

1. The Asian market reached the aforementioned resistance zone ahead of schedule, and then under the influence of the decline in U.S. stocks, Bitcoin fell again to the important support level of 110000-109000. The subsequent trend will depend on the performance of this support level.

2. The Asian market fluctuates or slightly rises, while the US market experiences a V-shaped rebound due to increased expectations of interest rate cuts, driving Bitcoin to break through the resistance zone and retrace to the 118000 range.

Currently, the market tends to favor the likelihood of the first scenario occurring. Therefore, investors holding long positions at the bottom above 115000 may consider taking moderate profits.

In the long run, the market expects that the real bottom may appear around the end of August or early September this year. Investors need to be patient, closely monitor market changes, and adjust their investment strategies in a timely manner.
BTC0.75%
ETH1.7%
SOL2.3%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • Share
Comment
0/400
ProbablyNothingvip
· 16h ago
Too much to a certain extent is empty?
View OriginalReply0
StablecoinEnjoyervip
· 08-05 11:13
After a long time, we still have to backtest 100k.
View OriginalReply0
token_therapistvip
· 08-04 18:44
I already exited the position and did a Rug Pull.
View OriginalReply0
BTCRetirementFundvip
· 08-03 13:49
It only rises for two days.
View OriginalReply0
NftDataDetectivevip
· 08-03 13:43
pump n dump vibes... same old story tbh
Reply0
ChainWallflowervip
· 08-03 13:40
Now the fracture is just betting on the dog...
View OriginalReply0
GateUser-a5fa8bd0vip
· 08-03 13:36
play people for suckers endlessly
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)