Recently, the Crypto Assets market has shown a positive rise trend. Bitcoin (BTC) performed well in yesterday's trading, breaking through the important level of $110,000. Although it was affected by the drop before the opening of the US stock market, leading to a brief pullback to around $108,500, it quickly rebounded afterward, demonstrating strong rise momentum.
Technical analysis shows that the Bollinger Bands on the four-hour chart are expanding upwards, with a clear trend of breaking through resistance levels. The MACD indicator shows an increase in bullish momentum, and the KDJ indicator has a golden cross pointing upwards, further confirming the current rising trend. These signals all indicate that the market may continue to maintain a bullish stance.
For Bitcoin, the current key support level is in the range of $109,000 to $109,500. If it can break through solidly, it is expected to further probe the area of $111,500 to $112,000. Ethereum (ETH) also shows a positive trend, with the current support level between $4,200 and $4,250, having the potential to rise to around $4,350 to $4,400.
It is worth noting that although market sentiment leans towards optimism in the short term, investors should remain cautious, closely monitor market changes, and manage risks appropriately. The high volatility of the crypto assets market means that prices can fluctuate dramatically, so it is necessary to consider various factors comprehensively when making investment decisions.
As Crypto Assets continue to integrate into the mainstream financial system, their future development will become increasingly noteworthy. Whether institutional investors or individual traders, there is a need to continuously monitor the regulatory environment, technological advancements, and the potential impact of global macroeconomic factors on the market.
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ApyWhisperer
· 2h ago
Waiting for 120,000, let's go!
View OriginalReply0
StablecoinArbitrageur
· 3h ago
*sigh* statarb signals showing clear market inefficiency at these levels... my algos are feasting rn
Reply0
CryptoCross-TalkClub
· 09-02 19:51
The old suckers are dreaming again, and here comes a crosstalk "Dreaming of the Bull Run".
View OriginalReply0
RugDocScientist
· 09-02 19:47
When will the scam chain wake up from its dream?
View OriginalReply0
NftPhilanthropist
· 09-02 19:47
wen impact mining for these gains? could tokenize the profits for charitable giving tbh
Reply0
CryptoPhoenix
· 09-02 19:46
After enduring the cold winter, the dawn finally arrives. It's time to enter a position!
View OriginalReply0
MrRightClick
· 09-02 19:39
LOL, just mention the risks at 100,000, let's talk again at 200,000.
View OriginalReply0
MEVHunterX
· 09-02 19:28
So amazing, those who are bearish can buy the dip now.
Recently, the Crypto Assets market has shown a positive rise trend. Bitcoin (BTC) performed well in yesterday's trading, breaking through the important level of $110,000. Although it was affected by the drop before the opening of the US stock market, leading to a brief pullback to around $108,500, it quickly rebounded afterward, demonstrating strong rise momentum.
Technical analysis shows that the Bollinger Bands on the four-hour chart are expanding upwards, with a clear trend of breaking through resistance levels. The MACD indicator shows an increase in bullish momentum, and the KDJ indicator has a golden cross pointing upwards, further confirming the current rising trend. These signals all indicate that the market may continue to maintain a bullish stance.
For Bitcoin, the current key support level is in the range of $109,000 to $109,500. If it can break through solidly, it is expected to further probe the area of $111,500 to $112,000. Ethereum (ETH) also shows a positive trend, with the current support level between $4,200 and $4,250, having the potential to rise to around $4,350 to $4,400.
It is worth noting that although market sentiment leans towards optimism in the short term, investors should remain cautious, closely monitor market changes, and manage risks appropriately. The high volatility of the crypto assets market means that prices can fluctuate dramatically, so it is necessary to consider various factors comprehensively when making investment decisions.
As Crypto Assets continue to integrate into the mainstream financial system, their future development will become increasingly noteworthy. Whether institutional investors or individual traders, there is a need to continuously monitor the regulatory environment, technological advancements, and the potential impact of global macroeconomic factors on the market.