Currently, the Crypto Assets market is showing a typical fluctuation pattern, failing to form a clear unilateral trend for a long time. This situation seems more like a severe test of patience for investors. Observing today's market, we can find that the price quickly retreated after a brief rise, and then entered a stage where the fluctuation range continues to narrow, with both bulls and bears seemingly trapped in a stalemate. This lack of a clear directional market state actually reflects that the market is undergoing a time-level adjustment, waiting for new breakthrough signals to appear.
From a short-term perspective, the bearish forces still hold the upper hand. In this oscillating and converging market, blindly chasing highs or cutting losses can easily lead to unfavorable situations. Therefore, the operational strategy needs to focus closely on key price ranges, with 'shorting on highs' as the main idea, accurately grasping the fluctuation trading opportunities.
Regarding Bitcoin, attention can be paid to the pressure zone around $1108 to $1115, which may be a better short position. The initial target could be around $1085. If the price can effectively break below this level, then the next support level may be around $1050.
As for Ethereum, its trend will generally follow the rhythm of Bitcoin. You can pay attention to the range of 3980 to 4050 USD as a potential shorting opportunity, with the first target around 3850 USD. If this support level is broken, then the next important support may be around 3750 USD.
Overall, the current market is in a stage that requires patience. Investors should remain vigilant, closely monitor market trends, and operate cautiously around key price levels to seize potential trading opportunities.
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Currently, the Crypto Assets market is showing a typical fluctuation pattern, failing to form a clear unilateral trend for a long time. This situation seems more like a severe test of patience for investors. Observing today's market, we can find that the price quickly retreated after a brief rise, and then entered a stage where the fluctuation range continues to narrow, with both bulls and bears seemingly trapped in a stalemate. This lack of a clear directional market state actually reflects that the market is undergoing a time-level adjustment, waiting for new breakthrough signals to appear.
From a short-term perspective, the bearish forces still hold the upper hand. In this oscillating and converging market, blindly chasing highs or cutting losses can easily lead to unfavorable situations. Therefore, the operational strategy needs to focus closely on key price ranges, with 'shorting on highs' as the main idea, accurately grasping the fluctuation trading opportunities.
Regarding Bitcoin, attention can be paid to the pressure zone around $1108 to $1115, which may be a better short position. The initial target could be around $1085. If the price can effectively break below this level, then the next support level may be around $1050.
As for Ethereum, its trend will generally follow the rhythm of Bitcoin. You can pay attention to the range of 3980 to 4050 USD as a potential shorting opportunity, with the first target around 3850 USD. If this support level is broken, then the next important support may be around 3750 USD.
Overall, the current market is in a stage that requires patience. Investors should remain vigilant, closely monitor market trends, and operate cautiously around key price levels to seize potential trading opportunities.