Recently, the Crypto Assets market has experienced significant Fluctuation, and the performance of Bitcoin prices is noteworthy. From a technical perspective, the MACD indicator shows a continuous contraction state, but at the same time, it is accumulating positions during the downtrend. The $105,000 medium term resistance level remains an important psychological barrier. It is worth following that the current market is nearing the extremely Oversold zone, which may indicate limited falling space and perhaps is nurturing a go long opportunity.



In the short term, the market experienced a strong rebound, starting to rise from around $99,500, increasing nearly 5,000 points in a short period, demonstrating the market's explosive power.

From the four-hour level, the resistance level of Bitcoin shows a continuous downward trend, while the support level remains relatively stable. The MACD indicator has formed a bottom divergence pattern, and market leaders seem to be adjusting positions through rapid rebounds after short-term downward tests. Although the DIF and DEA lines have formed a golden cross, considering that there has already been a noticeable rise, the bearish forces still dominate from a broader trend perspective.

For subsequent operations, it is recommended to mainly focus on laying out short positions at the resistance level, supplemented by a small number of long positions as a risk hedge. Specifically, Bitcoin can consider shorting around 105000-106000 USD, with target levels around 102000-101000 USD. Ethereum can be shorted around 2430-2480 USD, with targets looking towards the 2370-2320 USD range.

Investors should operate cautiously, closely follow market trends, and reasonably control risks. The Crypto Assets market experiences significant Fluctuation, and it is recommended to make decisions based on one's own risk tolerance and investment experience.
BTC-0,27%
ETH-0,92%
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