Today, the Crypto Assets market experienced a rollercoaster行情. Bitcoin quickly dropped in the morning session, but then showed a strong Rebound during the European trading hours, demonstrating its resilience. Such intense Fluctuation may catch some shorting traders off guard, but in the long run, the overall trend of the market has not changed.



Bitcoin has completed a deep V rebound in a short period, standing back above the $11,300 mark, while Ethereum has also broken through $4,600. This trend indicates strong support around the $110,000 area, suggesting that large funds may be defending this position. Such significant fluctuations are likely a form of consolidation within a range.

Currently, the Bitcoin price is stabilizing during the European trading session, while Ethereum has entered a correction phase after a continuous rise. Market participants should closely monitor the resistance levels around $11,400 and $4,650, as well as the support levels around $11,100 and $4,550. Based on the current trend, there is still potential for upward movement in the short term.

Investors can maintain a cautiously optimistic approach in their operational strategies, focusing primarily on a bullish perspective, but at the same time, they need to be alert to the high Fluctuation of the market. In this uncertain market environment, risk management becomes particularly important. Whether bullish or shorting, reasonable stop-loss levels should be set to cope with potential sudden market movements.

Overall, the Crypto Assets market is still in a critical fluctuation range, and investors need to stay calm to avoid being misled by short-term fluctuations while closely monitoring the policy trends of major economies and the activities of institutional investors, as these factors could have a significant impact on future market trends.
BTC-3.04%
ETH-5.74%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
RektRecoveryvip
· 23h ago
predictable manipulation pattern. whales rekt shorts again smh
Reply0
SleepTradervip
· 23h ago
Again clipped coupons by Large Investors.
View OriginalReply0
MetaverseLandlordvip
· 23h ago
These suckers are played for suckers over and over again, and they never bring anything new.
View OriginalReply0
GateUser-4745f9cevip
· 23h ago
Grab a bench and sit down to watch the show.
View OriginalReply0
NftCollectorsvip
· 23h ago
The geometric fractal theory predicts this reversal, and on-chain data has long provided evidence.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)