Recently, the crypto assets market has shown a明显的下行趋势, with Bitcoin and Ethereum failing to break through key resistance levels.
In terms of Bitcoin, after reaching a daily high of $102,155, it failed to hold the $102,000 level and subsequently began to oscillate downward, hitting a low of $101,084. The movement of Ether mirrored that of Bitcoin, dropping from a high of $2,277 to a low of $2,242.
From a technical perspective, the four-hour chart shows that the three consecutive bullish candles have ended, and the middle band of the Bollinger Bands has formed strong resistance. Key technical indicators such as KDJ and RSI are both signaling downward, indicating that the current downtrend is not yet over, and the market is still dominated by bears.
The one-hour chart shows a five consecutive bearish candlestick pattern, further confirming the ongoing strength of the bears. The KDJ indicator has formed a death cross at a high level and is continuing to decline, increasing the likelihood of a short-term bearish outlook.
Based on the current market situation, there may continue to be a downward trend in the short term. Investors need to closely monitor the key support level of 100000 dollars, while Ethereum should be wary of the support around 2200 dollars.
However, the crypto assets market is constantly changing, and investors should carefully assess risks before making any investment decisions, taking into account their own investment goals and risk tolerance. At the same time, continuously monitoring market dynamics and potential influencing factors, such as changes in regulatory policies and macroeconomic conditions, are important considerations in formulating investment strategies.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
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FalseProfitProphet
· 6h ago
Bearish traders are lying down comfortably.
Reply0
¯\_(ツ)_/¯
· 9h ago
This can be called a fall?
Reply0
Ser_Liquidated
· 10h ago
BTC has crashed again.
Reply0
LiquidityHunter
· 10h ago
Bullish traders are going to be sent back home again.
Recently, the crypto assets market has shown a明显的下行趋势, with Bitcoin and Ethereum failing to break through key resistance levels.
In terms of Bitcoin, after reaching a daily high of $102,155, it failed to hold the $102,000 level and subsequently began to oscillate downward, hitting a low of $101,084. The movement of Ether mirrored that of Bitcoin, dropping from a high of $2,277 to a low of $2,242.
From a technical perspective, the four-hour chart shows that the three consecutive bullish candles have ended, and the middle band of the Bollinger Bands has formed strong resistance. Key technical indicators such as KDJ and RSI are both signaling downward, indicating that the current downtrend is not yet over, and the market is still dominated by bears.
The one-hour chart shows a five consecutive bearish candlestick pattern, further confirming the ongoing strength of the bears. The KDJ indicator has formed a death cross at a high level and is continuing to decline, increasing the likelihood of a short-term bearish outlook.
Based on the current market situation, there may continue to be a downward trend in the short term. Investors need to closely monitor the key support level of 100000 dollars, while Ethereum should be wary of the support around 2200 dollars.
However, the crypto assets market is constantly changing, and investors should carefully assess risks before making any investment decisions, taking into account their own investment goals and risk tolerance. At the same time, continuously monitoring market dynamics and potential influencing factors, such as changes in regulatory policies and macroeconomic conditions, are important considerations in formulating investment strategies.