The current Crypto Assets market is at a critical turning point, and the trends of Bitcoin ( BTC ) and Ethereum ( ETH ) are worth following closely.
In terms of Bitcoin, the monthly chart shows that it has broken below the previous low, displaying a bearish tendency, but it has not yet fully entered a clear downward trend. The weekly chart has shown three consecutive weeks of bearish candles, with prices finding support around $107,000, but the effect is not ideal as the previous low has been slightly breached. Next, $107,000 will become a key observation point. If this level is broken, the downward trend at the weekly level will be confirmed, and attention should then be paid to the support level at $102,500. It is worth noting that the current weekly trend has not fully deteriorated, appearing slightly stronger compared to Ethereum. If it can break through $114,500, it may reverse the previous downward trend.
In contrast, Ethereum's performance has been relatively weak. The weekly chart has seen a decline for two consecutive weeks and has broken through previous low points. Currently, the $4000 to $4100 range has become a key support level, and if it is breached, it may further exacerbate bearish sentiment. There is clear resistance above, and it first needs to stabilize around the recent short-term high of $4420. If it cannot break through these key positions, it may continue to fall to the $4000-$4100 range. Overall, Ethereum's current trend is weaker than that of Bitcoin.
In this uncertain market environment, investors need to remain vigilant and closely follow the changes in these key price levels. The market may experience significant fluctuations in the short term, making it essential to develop a reasonable risk management strategy. At the same time, it is important to pay attention to macroeconomic factors and industry news, as these can have a substantial impact on the Crypto Assets market.
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AlwaysAnon
· 2h ago
Waiting for the 4k to catch a falling knife
View OriginalReply0
CrossChainBreather
· 09-04 06:31
Continuing to hold and observe
View OriginalReply0
MevHunter
· 09-03 23:50
The long and short positions have reached a critical point.
View OriginalReply0
DuckFluff
· 09-03 23:50
Just hold coins to get through the winter.
View OriginalReply0
GovernancePretender
· 09-03 23:50
The trend analysis is very accurate.
View OriginalReply0
DeFiAlchemist
· 09-03 23:43
Market falls key test
Reply0
FunGibleTom
· 09-03 23:39
The market truly tests human nature.
View OriginalReply0
Whale_Whisperer
· 09-03 23:36
The gambler shows me a short position
View OriginalReply0
ContractFreelancer
· 09-03 23:35
BTC is temporarily stable, but Ether is in danger.
The current Crypto Assets market is at a critical turning point, and the trends of Bitcoin ( BTC ) and Ethereum ( ETH ) are worth following closely.
In terms of Bitcoin, the monthly chart shows that it has broken below the previous low, displaying a bearish tendency, but it has not yet fully entered a clear downward trend. The weekly chart has shown three consecutive weeks of bearish candles, with prices finding support around $107,000, but the effect is not ideal as the previous low has been slightly breached. Next, $107,000 will become a key observation point. If this level is broken, the downward trend at the weekly level will be confirmed, and attention should then be paid to the support level at $102,500. It is worth noting that the current weekly trend has not fully deteriorated, appearing slightly stronger compared to Ethereum. If it can break through $114,500, it may reverse the previous downward trend.
In contrast, Ethereum's performance has been relatively weak. The weekly chart has seen a decline for two consecutive weeks and has broken through previous low points. Currently, the $4000 to $4100 range has become a key support level, and if it is breached, it may further exacerbate bearish sentiment. There is clear resistance above, and it first needs to stabilize around the recent short-term high of $4420. If it cannot break through these key positions, it may continue to fall to the $4000-$4100 range. Overall, Ethereum's current trend is weaker than that of Bitcoin.
In this uncertain market environment, investors need to remain vigilant and closely follow the changes in these key price levels. The market may experience significant fluctuations in the short term, making it essential to develop a reasonable risk management strategy. At the same time, it is important to pay attention to macroeconomic factors and industry news, as these can have a substantial impact on the Crypto Assets market.