As the new trading week begins, the Crypto Assets market shows positive signals. Bitcoin (BTC) is currently exhibiting a Rebound after experiencing a fall over the weekend. From the 4-hour Candlestick Chart, the previous downtrend has gradually faded, giving way to a potential upward breakout.



The price of Bitcoin has shown a robust rebound after touching the lower Bollinger Band, and is now steadily approaching the middle band, indicating preliminary upward momentum. Considering that the market usually requires a certain degree of correction after a continued fall over the weekend, the focus on Monday will be on observing the performance of the bullish forces.

For specific price targets, Bitcoin may look for support in the range of 112,600 to 113,300. If it breaks through this range, the next target price may be between 115,000 and 116,000.

Ethereum (ETH) also exhibits a similar pattern. It may look for support in the range of 3,400 to 3,450, and if it can break through this range, the next target price may be between 3,550 and 3,580.

However, investors should keep in mind that the crypto assets market is highly volatile, and price trends can change rapidly. Before making any investment decisions, it is essential to conduct thorough research and risk assessment.
BTC0.81%
ETH6.18%
View Original
post-image
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
  • 6
  • Share
Comment
0/400
YieldWhisperervip
· 22h ago
seen this exact bull trap setup in 2021... ngmi
Reply0
AirdropBlackHolevip
· 22h ago
It's time to go all in again.
View OriginalReply0
HallucinationGrowervip
· 22h ago
What are you waiting for? Just go all in.
View OriginalReply0
SandwichVictimvip
· 22h ago
bullish until payday
View OriginalReply0
PumpDetectorvip
· 23h ago
seen this pattern before. mt gox vibes... smart money already positioning
Reply0
SchrodingerPrivateKeyvip
· 23h ago
Long positions are strong!
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)