This evening, the crypto assets market is showing a volatile trend. Bitcoin experienced a pullback after reaching a daily high of $106,100, dipping to the $104,700 region for consolidation. Meanwhile, Ethereum fell from $2,582 to around $2,517.
From a technical perspective, the daily chart shows weakening momentum, presenting a bearish candlestick pattern; while the short-term period chart indicates signs of a rebound after a contraction in trading volume. The overall market rhythm is slowing down, mainly manifested in a range-bound fluctuation pattern.
For short-term trading strategies, it is recommended to pay attention to the support level of Bitcoin in the range of 104500-104000 USD. If it stabilizes, it may rebound towards the 105700-106200 USD area. In terms of Ethereum, keep an eye on the support range of 2508-2485 USD. If it can hold effectively, it is expected to challenge the resistance level of 2545-2565 USD.
Market sentiment is generally cautious, and investors should closely monitor changes in trading volume and the breakthrough of key price levels, while reasonably controlling risks.
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This evening, the crypto assets market is showing a volatile trend. Bitcoin experienced a pullback after reaching a daily high of $106,100, dipping to the $104,700 region for consolidation. Meanwhile, Ethereum fell from $2,582 to around $2,517.
From a technical perspective, the daily chart shows weakening momentum, presenting a bearish candlestick pattern; while the short-term period chart indicates signs of a rebound after a contraction in trading volume. The overall market rhythm is slowing down, mainly manifested in a range-bound fluctuation pattern.
For short-term trading strategies, it is recommended to pay attention to the support level of Bitcoin in the range of 104500-104000 USD. If it stabilizes, it may rebound towards the 105700-106200 USD area. In terms of Ethereum, keep an eye on the support range of 2508-2485 USD. If it can hold effectively, it is expected to challenge the resistance level of 2545-2565 USD.
Market sentiment is generally cautious, and investors should closely monitor changes in trading volume and the breakthrough of key price levels, while reasonably controlling risks.