The crypto assets market continues to demonstrate its high fluctuation, testing investors' patience and selection abilities. The recent trends of Bitcoin and Ethereum have attracted attention, reflecting the complexity of market sentiment.
Bitcoin rebounded after hitting a low near $100,762, reaching a high of $102,551, and then fell back to around $100,000. Ethereum also fluctuated in sync, rebounding from a low of $2,231 to a high of $2,311, and is currently hovering around $2,200.
Technical analysis shows that on the four-hour chart, the MACD double line is merging below the zero axis, and the green momentum bars continue to shorten, indicating that the rebound momentum may be waning. The RSI indicator on the hourly chart has dropped rapidly from 52 to 42, forming a typical "lower high" bearish structure. A spinning top pattern has appeared on the candlestick chart, with a long upper shadow and the body closing in the middle, suggesting that the bulls' counterattack may have failed.
In this market environment, investors need to maintain a clear mind and closely follow the changes in support and resistance levels. For short-term traders, there may be shorting opportunities near Bitcoin at $101,000 and Ethereum at $2,240, but caution is required, and one should be ready to adjust strategies based on market changes.
In this crypto assets market known as the "Shura Field", success requires not only technical analysis skills but also the wisdom to patiently wait for opportunities and make the right choices. In the face of the torrent of information and the huge fluctuations of market sentiment, it is especially important to remain calm and rational.
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LiquidatedDreams
· 4h ago
Fishing while waiting for the crash
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ChainBrain
· 4h ago
The suckers in the crypto world are willingly being played for suckers.
The crypto assets market continues to demonstrate its high fluctuation, testing investors' patience and selection abilities. The recent trends of Bitcoin and Ethereum have attracted attention, reflecting the complexity of market sentiment.
Bitcoin rebounded after hitting a low near $100,762, reaching a high of $102,551, and then fell back to around $100,000. Ethereum also fluctuated in sync, rebounding from a low of $2,231 to a high of $2,311, and is currently hovering around $2,200.
Technical analysis shows that on the four-hour chart, the MACD double line is merging below the zero axis, and the green momentum bars continue to shorten, indicating that the rebound momentum may be waning. The RSI indicator on the hourly chart has dropped rapidly from 52 to 42, forming a typical "lower high" bearish structure. A spinning top pattern has appeared on the candlestick chart, with a long upper shadow and the body closing in the middle, suggesting that the bulls' counterattack may have failed.
In this market environment, investors need to maintain a clear mind and closely follow the changes in support and resistance levels. For short-term traders, there may be shorting opportunities near Bitcoin at $101,000 and Ethereum at $2,240, but caution is required, and one should be ready to adjust strategies based on market changes.
In this crypto assets market known as the "Shura Field", success requires not only technical analysis skills but also the wisdom to patiently wait for opportunities and make the right choices. In the face of the torrent of information and the huge fluctuations of market sentiment, it is especially important to remain calm and rational.