Monday Evening Thoughts
Bitcoin price is maintaining a narrow fluctuation around the 102,000 mark. Although the overall trend shows a stepped ascent, the increase is relatively limited. The market trading atmosphere is somewhat subdued, with both bulls and bears frequently battling, and no clear dominant force has emerged.
From a short-term technical perspective, bullish forces are gradually accumulating momentum, and the market has entered an initial rebound cycle. In the short term, it is expected to continue the oscillating upward trend, testing higher price levels. However, as the price approaches the two major resistance levels of 1,023,000 and 1,028,000, it is anticipated to encounter strong resistance from bears. At that time, both bulls and bears will engage in a more intense confrontation, and the trend may become stuck in a stalemate.
For Bitcoin, rebound near the 102,300-102,800 range, while looking downward at 101,000-98,000 for a breakout to continue lower.
For Ethereum, just synchronize operations!
Bitcoin price is maintaining a narrow fluctuation around the 102,000 mark. Although the overall trend shows a stepped ascent, the increase is relatively limited. The market trading atmosphere is somewhat subdued, with both bulls and bears frequently battling, and no clear dominant force has emerged.
From a short-term technical perspective, bullish forces are gradually accumulating momentum, and the market has entered an initial rebound cycle. In the short term, it is expected to continue the oscillating upward trend, testing higher price levels. However, as the price approaches the two major resistance levels of 1,023,000 and 1,028,000, it is anticipated to encounter strong resistance from bears. At that time, both bulls and bears will engage in a more intense confrontation, and the trend may become stuck in a stalemate.
For Bitcoin, rebound near the 102,300-102,800 range, while looking downward at 101,000-98,000 for a breakout to continue lower.
For Ethereum, just synchronize operations!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
104,170.01
+4.70%