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https://www.gate.com/announcements/article/45974
This weekend, the Crypto Assets market showed calm performance, with trading activity significantly declining. Bitcoin briefly touched around the $106,000 mark, then encountered resistance, but the downward pressure was limited, finding support in the $104,200 area and rebounding. Currently, the Bitcoin price hovers around $105,000, with the forces of buyers and sellers in the market tending to balance, forming a typical range-bound fluctuation trend, which is expected to continue in the near term.
Similarly, Ethereum has also exhibited a pattern of rising followed by a pullback, before entering a consolidation phase. The price has been slightly fluctuating around the $2,500 mark, failing to establish a clear direction. Both bulls and bears seem to be waiting for more definitive market signals, leading to a narrowing trading range. From a technical perspective, this oscillating pattern is unlikely to break through in the short term, and investors may need to patiently wait for new market catalysts to emerge.