Recently, the crypto assets market has shown some technical signals worth following. The BOLL indicator shows a converging trend, which usually indicates that market fluctuation may soon increase. Meanwhile, Bitcoin's RSI is currently at a level of 41.181, below the neutral value of 50, indicating that market momentum is relatively weak and buyer strength is insufficient.



It is worth noting that the Moving Average Convergence Divergence (MACD) is currently -537.960, situated below the signal line, which further confirms the prevailing strength of sellers in the market. Based on this comprehensive analysis of technical indicators, market participants may need to maintain a cautious attitude.

From a price perspective, the area around 114200 may become an important resistance level. If this level cannot be broken, the price of Bitcoin may face further downside risk, possibly testing the support level of 112800 in the short term. From a longer-term perspective, if bearish sentiment persists, the possibility of a price retracement to the 110000 area cannot be ruled out.

However, investors should be aware that the crypto assets market experiences significant fluctuations and the situation changes rapidly. In addition to technical analysis, attention should also be paid to macroeconomic conditions, changes in regulatory policies, and other factors to comprehensively assess risks and make investment decisions cautiously.
BTC-2.15%
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MetaverseMigrantvip
· 08-09 11:22
Wait for a big dump to get on board
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Exaplolos_Guysavip
· 08-06 19:39
Bull Run 🐂
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Exaplolos_Guysavip
· 08-06 19:39
Bull Run 🐂
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CryptoTarotReadervip
· 08-06 14:52
Bearish means short?
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fork_in_the_roadvip
· 08-06 14:47
The trend of BTC has明显转弱了.
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DeFiCaffeinatorvip
· 08-06 14:47
Almost at the bottom, right? The time to buy the dip is coming soon.
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PumpBeforeRugvip
· 08-06 14:23
The pattern is small, buy the dip at 100k.
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