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📖 Day 1 · Quiz (Single Choic
Last night, the crypto assets market experienced a round of fluctuation, with Bitcoin briefly falling below the 110,000 mark, and then finding support at that position and stabilizing. Currently, Bitcoin's volume is increasing, and the price is gradually climbing back to the point where it fell yesterday. Ethereum's trend is similar to Bitcoin's, stopping its decline above $4,200 and rebounding to around $4,340.
From the current market trend, after the price stabilized at the bottom on the daily chart, it showed three consecutive bullish candles, pulling the price up to near the starting point of yesterday's decline, and then entered a consolidation phase. The candlestick chart again shows a doji pattern, indicating that the current market lacks liquidity, with a weak one-sided trend, and the market may continue to maintain a consolidation pattern.
The four-hour chart shows that the price has experienced a single bullish rise, with a relatively full body, accompanied by two consecutive bullish candles and an increase in volume. The technical indicator KDJ has started to rise upwards, indicating a potential continuation of the upward momentum in the short term.
For short-term traders, it may be worth considering a long strategy during pullbacks, but it is important to closely monitor whether the key resistance levels above can be effectively broken. Bitcoin can be considered for purchase in the range of 111000-110500, with a target near 113000. Ethereum can be purchased in the range of 4300-4270, with a target near 4500.
However, investors should keep in mind that the Crypto Assets market experiences significant Fluctuation, with high risks and high returns coexisting. Before making any investment decisions, it is essential to conduct thorough research and risk assessment.