As the new week unfolds, the cryptocurrency market shows a subtle balance. The Fed's precise predictions last week brought new momentum to the market, but the upcoming trends still require cautious observation.



During the weekend, Bitcoin quickly rebounded after hitting the support level of 111,850, with consecutive large bullish candles appearing on the 4-hour chart. While such a low-level rebound is normal, it also reminds us to closely monitor changes in the news, as this may restrict the space for bearish operations.

The decline from 123,000 has reached a low of 111,800, and the space coefficient is basically in place. Future trends will largely depend on the attitude of the US stock market and the global capital markets. Considering that the current expectations for interest rate cuts have slowed down, I personally expect the recent market to fluctuate widely between 117,200 and 108,600.

The overnight market started to slow down its decline from 114,000 and has currently rebounded to around 114,800. Theoretically, the bulls still have some upward space. Today's market may show characteristics of range-bound fluctuations, and it is recommended to pay attention to the support area between 114,300 and 113,900, as well as the resistance range between 115,800 and 116,600. If the price reaches this range but fails to break through, consider waiting for the US market to open before deciding whether to short.

In terms of Ethereum, its trend is basically in sync with Bitcoin. Currently, the key resistance level is at 3,680, and the support level is at 3,420. It is recommended that investors closely monitor the performance of these two price levels and make corresponding trading decisions in conjunction with the overall market trend.

Overall, the crypto assets market may enter a relatively stable fluctuation period this week. Investors should remain vigilant, paying attention to changes in the global economic situation and regulatory policies, and adjust their investment strategies flexibly. At the same time, it is also important to remember the unpredictability of the market, manage risks effectively, and invest rationally.
BTC2.23%
ETH6.79%
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GhostAddressHuntervip
· 08-06 03:54
Is this the only pullback? The time to enter a position has arrived.
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CascadingDipBuyervip
· 08-04 12:21
Inertial oscillation, wait for BTC to fall to the right position before taking action.
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HodlKumamonvip
· 08-04 06:32
Today, Xiong Xiong calculated that it is highly likely to retest 108k~
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ruggedNotShruggedvip
· 08-04 04:52
Forget it, it's better to just go all in.
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DAOTruantvip
· 08-04 04:51
Zeh, who knows if it will give us a surprise?
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StopLossMastervip
· 08-04 04:48
Blasting through stop loss is an art.
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HallucinationGrowervip
· 08-04 04:45
Ah, this market is even more exhausting than working a brick-moving job.
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consensus_failurevip
· 08-04 04:37
The bull coin has all pulled back, who still looks at the analysis?
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ColdWalletGuardianvip
· 08-04 04:33
enter a position enter a position The million is right in front of us.
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MechanicalMartelvip
· 08-04 04:24
This wave has finally bottomed out and rebounded, right?
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