A new day has begun, but the cryptocurrency prices remain stagnant without any outstanding performance or opportunities. There haven't been significant fluctuations; the market has been oscillating mildly. The good news is that the rebounds from previous price comparisons have not managed to break through the effective resistance above, so those who haven't entered the market should patiently wait for an opportunity to do so.
The market trend doesn't need much explanation, as there haven't been any changes. The cryptocurrency prices are oscillating within a range, with frequent pulls and insufficient continuation. The weak structure has also failed to form effective continuation, and the pullbacks have not shown sustained declines. The rebound's continuation is also lacking, and as time goes by, the rebounds become weaker, and the space for movement shrinks. If the price comparisons continue to struggle to rebound, a direct pullback pattern may emerge, so our bearish outlook remains unchanged.
On Tuesday morning, Bitcoin is between 106000 and 106500, with the target still at 104000. Ethereum remains short between 3580 and 3610, with the target focusing on 3450.
BTCUSDT
Perp
84,862.9
+0.80%
