In the Crypto Assets market, every price Fluctuation is a test for investors. Whether it is a fall or a rise, it tests our psychological endurance and investment philosophy. Wise investors should follow the principle of "buy low, sell high," buying in when the market is quiet and selling when the heat is high. It is important to remain calm and not let short-term market Fluctuations affect your judgment, but rather to stick to your analysis and strategy.
Currently, the market for Bitcoin (BTC) and Ethereum (ETH) shows characteristics of a strong consolidation. Prices are stable above the middle line of the Bollinger Bands, forming a strong short-term support. From a technical perspective, the Bollinger Bands are converging, indicating that the balance of buying and selling forces in the market is tending to equalize in the short term, and the fluctuation range is gradually narrowing, which may signify that a new round of market activity is about to unfold.
The short-term moving average system has shown a typical bullish arrangement, with the 5-day, 10-day, and 20-day moving averages diverging upwards in succession, further confirming the current market's bullish dominance. However, investors still need to closely monitor the support role of the middle line of the Bollinger Bands. If the price can gain effective support at the middle line during the pullback process, without showing a significant break below, then the current upward trend is likely to continue. However, if the middle line support fails, investors need to be cautious of a potential short-term trend reversal.
Based on the current market analysis, investors who are interested in participating may consider establishing a long position when the Bitcoin price approaches $108,300, with a target price set at $110,000. Similarly, Ethereum can be established as a long position near $4,330, with a target price of $4,430.
However, we must emphasize that the inherent high fluctuation and uncertainty of the crypto assets market require investors to remain vigilant at all times. Any investment decision should be based on thorough research and risk assessment, and made according to individual risk tolerance and financial situation. The market is always full of variables, and maintaining rationality and flexibility is crucial.
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.
19 Likes
Reward
19
6
Repost
Share
Comment
0/400
AirdropSweaterFan
· 09-04 02:42
Enter a position means to take action, if you don't play, just wait to regret.
View OriginalReply0
GasOptimizer
· 09-01 18:36
I am impressed by this trap R parameter, but it still lacks maturity compared to historical data.
View OriginalReply0
PumpBeforeRug
· 09-01 18:32
What are you panicking about? Suckers will be played for suckers sooner or later.
In the Crypto Assets market, every price Fluctuation is a test for investors. Whether it is a fall or a rise, it tests our psychological endurance and investment philosophy. Wise investors should follow the principle of "buy low, sell high," buying in when the market is quiet and selling when the heat is high. It is important to remain calm and not let short-term market Fluctuations affect your judgment, but rather to stick to your analysis and strategy.
Currently, the market for Bitcoin (BTC) and Ethereum (ETH) shows characteristics of a strong consolidation. Prices are stable above the middle line of the Bollinger Bands, forming a strong short-term support. From a technical perspective, the Bollinger Bands are converging, indicating that the balance of buying and selling forces in the market is tending to equalize in the short term, and the fluctuation range is gradually narrowing, which may signify that a new round of market activity is about to unfold.
The short-term moving average system has shown a typical bullish arrangement, with the 5-day, 10-day, and 20-day moving averages diverging upwards in succession, further confirming the current market's bullish dominance. However, investors still need to closely monitor the support role of the middle line of the Bollinger Bands. If the price can gain effective support at the middle line during the pullback process, without showing a significant break below, then the current upward trend is likely to continue. However, if the middle line support fails, investors need to be cautious of a potential short-term trend reversal.
Based on the current market analysis, investors who are interested in participating may consider establishing a long position when the Bitcoin price approaches $108,300, with a target price set at $110,000. Similarly, Ethereum can be established as a long position near $4,330, with a target price of $4,430.
However, we must emphasize that the inherent high fluctuation and uncertainty of the crypto assets market require investors to remain vigilant at all times. Any investment decision should be based on thorough research and risk assessment, and made according to individual risk tolerance and financial situation. The market is always full of variables, and maintaining rationality and flexibility is crucial.