In the current complex and ever-changing Crypto Assets market environment, investors need to remain calm and rational. Despite facing numerous challenges, as long as we hold onto our beliefs and continue to learn and analyze, we will ultimately find a path to success in this opportunity-filled field.



Today, the Crypto Assets market showed a trend of falling first and then rising. Bitcoin initially dipped to the support level of 112534, before rebounding to around 113733. Ethereum also experienced a similar adjustment, gaining support near 4063 before starting to rise. This trend confirms the earlier downward expectations.

From a technical perspective, Bitcoin is showing a stair-step downward pattern on the 4-hour chart. It is noteworthy that each rebound is gradually shrinking in magnitude, while the downward momentum remains relatively stable. This divergence between volume and price indicates that buying power is continuously weakening. Although Bitcoin has tested the key support level below several times with a slight increase in trading volume, it has not been able to achieve an effective breakthrough. This phenomenon of 'increased volume without breaking' indicates that there is indeed some buying support below, but it also reflects the insufficient willingness of the bulls to counterattack, and the overall market is still in a weak consolidation phase.

If the subsequent trading volume cannot effectively support the rebound, this stepwise decline pattern may continue. Based on the current market analysis, investors may consider shorting Bitcoin around 114000, with a target set at 112500. For Ethereum, the range of 4210-4230 may be a good entry point for shorting, with a target of around 4100.

However, we must emphasize that the Crypto Assets market is ever-changing, and investors should closely monitor market trends and adjust strategies in a timely manner. At the same time, risk control is crucial, and it is recommended that investors set stop-loss levels strictly and avoid excessive risk-taking. In this market, filled with opportunities and challenges, maintaining rationality and patience is essential to gain an advantage in the long-term game.
BTC2.71%
ETH10.8%
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RebaseVictimvip
· 7h ago
Bearish is not necessarily correct.
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GhostAddressMinervip
· 08-20 09:47
Shorting opportunity has arrived.
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GateUser-9ad11037vip
· 08-20 09:45
Long positions can still turn around.
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SerumSquirrelvip
· 08-20 09:29
Big dump is an opportunity.
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FlatTaxvip
· 08-20 09:28
The right time to enter a short order.
View OriginalReply0
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