The Crypto Assets market is changing rapidly like the tide, and only investors who keep up with the pulse of the times can seize fleeting opportunities. The current market situation is worth close follow.



From a technical analysis perspective, the recent trend shows a clear downward trend. The four-hour candlestick chart indicates that the market has closed in the red for two consecutive times and has broken through the middle band of the Bollinger Bands, suggesting that bearish strength is increasing. Various technical indicators and moving averages are all exhibiting a downward trend, and the overall market has entered a stage of bearish control.

Further observing the one-hour level trend, we can see that the price has strongly broken through the lower Bollinger Band, and the middle Bollinger Band has also started to tilt downwards. The momentum indicator MACD has formed a death cross with its two lines and has entered the negative range, which usually indicates the continuation of a downward trend. Meanwhile, the J value in the KDJ indicator has entered the oversold area, which may indicate a technical rebound in the short term.

Based on the current market conditions, investors may consider adopting a 'short after a rebound' strategy. Specifically, Bitcoin may encounter resistance around $111,500, after which it could retreat to around $109,000. Similarly, Ethereum may face selling pressure near $4,300, and then potentially drop to the $4,200 region.

However, the market is constantly changing, and investors should remain vigilant at all times, closely follow market trends, and adjust their strategies in a timely manner. Remember, in the Crypto Assets market, opportunities and risks coexist, and rational analysis and cautious decision-making are crucial.
BTC0.89%
ETH4.85%
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WhaleMinionvip
· 9h ago
All in, and that's it.
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ClassicDumpstervip
· 09-12 07:04
take the opposite position All in short order
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RektRecoveryvip
· 09-12 06:47
just another classic bull trap... called it weeks ago tbh
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QuorumVotervip
· 09-12 06:39
The long positions mentality has collapsed, haha
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