Recently, the Crypto Assets market has experienced another wave of turbulence. Bitcoin showed a noticeable downward trend from early morning to morning today, hitting a low of around 112700. At the same time, Ether also experienced a brief sharp fall, dropping to around 3431. This downward momentum remains quite strong, and from a 4-hour level perspective, this adjustment may still take a few days to complete.



Although market participants are generally worried that Bitcoin may directly fall below the 110,000 or even 100,000 dollar mark, the likelihood of this happening at the moment is relatively low. This is because, from a daily chart perspective, there usually appears to be a certain secondary high point at the end of a decline.

The upcoming market trend, whether Bitcoin breaks through the 112,000 point level or not, may see a 4-hour level rebound. If this rebound is strong, it does not rule out another attempt to hit the high point of 123,218. However, the more likely scenario is that the price will reach a secondary high without making a new high.

In the short term, Bitcoin is currently in the third wave of a 1-hour fall within a 4-hour downtrend. It is uncertain whether this decline will break through 112722. A 1-hour rebound may occur in the next day or two, focusing on the range of 116000 to 117000. After that, there may be another 1-hour pullback. Overall, the target for this 4-hour downtrend may be near 112000, or slightly beyond this level.

Looking ahead to the second half of next week, the market may experience a new wave of 4-hour level fluctuations. Investors should closely monitor market dynamics and flexibly adjust strategies to cope with this unpredictable Crypto Assets market.
BTC-0.04%
ETH3.1%
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WhaleMinionvip
· 23h ago
Here comes the Be Played for Suckers again.
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HodlVeteranvip
· 08-02 14:47
Sigh, the market is going to educate the young people again, let's wash a wave of suckers first.
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rugpull_ptsdvip
· 08-02 14:42
Don't be afraid when the bear comes, breakeven is right in front of you.
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PensionDestroyervip
· 08-02 14:26
I didn't make money trading coins, I've been losing all the time.
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