In the current Crypto Assets market environment, the biggest challenge traders face is not the market itself, but the uncertainty within. True trading wisdom lies in learning to remain calm and rational amidst uncertainty.



Currently, the market trends for Bitcoin and Ethereum are relatively calm, lacking a clear one-way trend. The price movements indicate that although there were attempts to rise, they could not be sustained and subsequently fell back. The market shows characteristics of narrowing fluctuations, with both the amplitude and range of price movements decreasing, overall in a phase of time correction.

From a technical perspective, a three consecutive bullish candle correction pattern has appeared on the daily chart, but the indicators have not yet shown any divergence signals. The current trend is inclined to break out of the downward channel, but risks still remain. The key resistance level is around 112500, which is also the Fibonacci 38.2% retracement level. Only by breaking through this level can the possibility of continuing the bullish trend be confirmed.

Short-term trading strategies still suggest maintaining caution and primarily waiting and observing. Bitcoin can focus on the resistance near 110800; if it cannot break through, it may retreat to the 109000 level. Ethereum should be wary of resistance around 3990; if it cannot break through, it may drop to the 3900 area.

In this uncertain market, investors need to stay calm, manage risks, and avoid overtrading. The market may continue to oscillate within a certain range until clearer directional signals emerge. At this time, patience and discipline will be key factors for successful trading.
BTC0.74%
ETH-0.54%
View Original
post-image
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.
  • Reward
  • 7
  • Repost
  • Share
Comment
0/400
fork_in_the_roadvip
· 2h ago
You want to do Technical Analysis again, huh~
View OriginalReply0
LiquidityWizardvip
· 2h ago
statistically speaking, this consolidation phase has a 68.7% chance of breaking upward... *sips coffee at 3am while staring at charts*
Reply0
HashRateHermitvip
· 2h ago
In a fog about the situation
View OriginalReply0
AmateurDAOWatchervip
· 2h ago
In the crypto world, one day is equivalent to a year in the human world.
View OriginalReply0
GasFeeCriervip
· 3h ago
Grinding until my hair turned white, still 3000 dollars.
View OriginalReply0
AirdropJunkievip
· 3h ago
Are you drawing support and resistance levels again? The Bear Market has already run its course.
View OriginalReply0
BuyHighSellLowvip
· 3h ago
Let's take a look at the night market again!
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)