Recently, the cryptocurrency market has shown a positive trend. Bitcoin fluctuated and rose yesterday, reaching around 112300. From the weekly chart, although it faces resistance at yesterday's high, the overall trend still shows potential for an upward breakout. If it can break through the current resistance, we can expect Bitcoin to reach new highs above 114300.
The daily chart shows that the 5-day moving average and the 10-day moving average have formed a golden cross, which is usually considered a strong bullish signal. Currently, Bitcoin may seek support and rebound in the range of 111000 to 110500. Investors may consider establishing long positions in this range, with a target price set at 114300.
As for Ethereum, the weekly chart shows signs of a rebound after a decline, but it is still under pressure from the 5-week moving average. On the daily chart, the 5-day and 10-day moving averages have also formed a golden cross, suggesting that there may be an increase in the short term. Currently, Ethereum may experience a pullback, with expected support around 4405. Investors can look for buying opportunities at this price level.
The performance of Solana (SOL) is also worth noting. From the weekly chart, SOL is expected to break through last week's high of 217. The daily chart shows that SOL may fluctuate following Bitcoin's trend. The key support level is around 208.30, which could be an ideal buying point. In the short term, SOL's target price may be between 217 and 220.
Overall, the cryptocurrency market shows a positive trend, but investors still need to act cautiously, closely monitor market movements, and manage risks appropriately. #非农就业数据来袭 #Strategy增持比特币 #资金涌入推动SOL上涨 #比特币巨鲸换仓以太坊 #九月加密市场能否突破? $BTC $ETH $SOL