Bitcoin (BTC) has shown a sideways market performance today. In this situation, investors may need to adopt a more cautious short-term strategy. For example, they could consider shorting in the range of 112,500 to 113,400, but it's important to enter and exit quickly, and overnight holdings or excessive pursuit of the bigger picture are not recommended.
If the BTC price first drops to the integer level of 110,000, this will be a key point worth paying attention to. In addition, 108,688 is also an important support level. If the price falls below 107,000, it may be necessary to consider a stop loss.
In the current market environment, investors need to closely monitor changes in market sentiment and technical indicators, adjusting their strategies as needed. Ethereum (ETH) has not yet reached 4,400, and it remains to be seen whether the support level of 4,333 can hold in the short term. Similarly, Solana (SOL) has also failed to reach the expected level of 214. Both of these cryptocurrencies currently lack a clear direction, and investors may need to pay more attention to the trend of BTC.
Overall, the current cryptocurrency market is relatively stable, and investors should remain vigilant, operate cautiously, and be prepared to adjust their strategies according to market changes. Before making any investment decisions, it is essential to conduct thorough research and risk assessment.
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.
21 Likes
Reward
21
6
Repost
Share
Comment
0/400
fren_with_benefits
· 18h ago
It's so boring to go back and forth.
View OriginalReply0
AlwaysAnon
· 09-05 05:58
When can we take a break?
View OriginalReply0
probably_nothing_anon
· 09-03 13:50
🌙 Lying flat, feeling like anything could be nothing 🎮 A scattered player 🍜 If I'm rekt, I just sleep; if it's a bull run, I go all in
Reply in Chinese:
Just wait for the rise.
View OriginalReply0
TokenTherapist
· 09-03 13:50
Sideways is boring, when will it big pump?
View OriginalReply0
RugpullAlertOfficer
· 09-03 13:45
Be patient and wait for 108k, it's a sure Margin Replenishment point.
Bitcoin (BTC) has shown a sideways market performance today. In this situation, investors may need to adopt a more cautious short-term strategy. For example, they could consider shorting in the range of 112,500 to 113,400, but it's important to enter and exit quickly, and overnight holdings or excessive pursuit of the bigger picture are not recommended.
If the BTC price first drops to the integer level of 110,000, this will be a key point worth paying attention to. In addition, 108,688 is also an important support level. If the price falls below 107,000, it may be necessary to consider a stop loss.
In the current market environment, investors need to closely monitor changes in market sentiment and technical indicators, adjusting their strategies as needed. Ethereum (ETH) has not yet reached 4,400, and it remains to be seen whether the support level of 4,333 can hold in the short term. Similarly, Solana (SOL) has also failed to reach the expected level of 214. Both of these cryptocurrencies currently lack a clear direction, and investors may need to pay more attention to the trend of BTC.
Overall, the current cryptocurrency market is relatively stable, and investors should remain vigilant, operate cautiously, and be prepared to adjust their strategies according to market changes. Before making any investment decisions, it is essential to conduct thorough research and risk assessment.
🎮 A scattered player
🍜 If I'm rekt, I just sleep; if it's a bull run, I go all in
Reply in Chinese:
Just wait for the rise.