The price of Bitcoin has been fluctuating around $110,000, reflecting the fierce confrontation between bullish and bearish forces in the market. This stalemate is largely due to a series of important events on the horizon, particularly the Fed's interest rate decision meeting on September 18.



In the face of such important economic indicators, market leaders have chosen a cautious wait-and-see attitude. From a technical analysis perspective, $102,000 serves as the starting point for the market and also constitutes a strong support level. Unless extremely negative news emerges, it is difficult for this level to be broken.

At the same time, the US stock market has shown relatively stable performance recently, with a slight upward trend on the daily chart. This may be partly attributed to the emergence of cryptocurrency-related stocks, which have attracted the attention of some investors. Additionally, compared to the highly volatile cryptocurrency market, the relative stability of the stock market has also become a safe haven for investors.

In the context of Bitcoin's lackluster performance and the market being full of uncertainties, it is reasonable for some investors to turn to the stock market. Looking ahead to the next few days, the market may primarily experience fluctuations until August 2nd. Bitcoin's expected volatility range is between $108,500 and $113,000, while Ethereum may fluctuate between $4,450 and $4,680.

Investors should closely monitor the upcoming economic data and policy signals, rationally assess market risks, and make cautious investment decisions.
BTC1.29%
ETH-0.72%
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BlockchainDecodervip
· 3h ago
Based on the Bollinger Bands and RSI data analysis, the current resistance level is significant. It is recommended to refer to the 2019 NBER research on severe market volatility and proceed with caution.
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BearEatsAllvip
· 22h ago
Weak and then fluctuated.
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ParallelChainMaxivip
· 22h ago
Hoard some Spot and go-with-the-flow while waiting for the rise
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consensus_failurevip
· 22h ago
Who understands the rise and fall? Just waiting to eat noodles.
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OfflineNewbievip
· 22h ago
It highlights a Sideways fluctuation.
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NFTArtisanHQvip
· 22h ago
fascinating how the market oscillates between defi primitives and traditional paradigms... quite the meta-narrative tbh
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