Crypto Market Analysis: Bitcoin Difficult to Perform in the Short Term, Fluctuating Market Will Continue! Ethereum Bullish Momentum Weakens, No Reversal Signals Yet! Latest Market Analysis
Current Bitcoin Price 103400, not much to say about the fluctuating downward trend, although there has been support around 102300 recently and signs of stabilization, it has not formed an effective rebound signal. Therefore, in the short term, the market may continue to maintain a weak fluctuation with limited rebound strength. Pay attention to the key support level below 102300. If this support is broken, the price may further decline, targeting the psychological level around 100000; while if it rebounds and breaks through 106000, there is a possibility of further testing 110500 upwards. Ultimately, it is suggested to watch in the consolidation phase as the trend is unclear, waiting for further confirmation of the price direction. Only after the price stabilizes at the key support level should one consider light positions, and short-term investors need to participate cautiously with light positions, setting stop-loss levels near 102300.
Today's Point Reference:
Long Entry Point 102000, Stop Loss 101500, Stop Loss 500 points, Target 105000
Short Entry Point 105000, Stop Loss 106000, Stop Loss 500 points, Target 103000
Latest Ethereum Market Analysis
Before publication, the current price of Ethereum is 2415. From a short-term perspective, the current price has entered a consolidation phase after a decline, with the overall market being weak. The short-term market may continue to consolidate at low levels or dip slightly, but attention should be paid to the performance of the key support level at 2360. If it can stop falling, a short-term rebound may be expected. Indicator analysis shows that sellers dominate, and bulls still appear weak, with no obvious bullish signals or signs of trend reversal in the market. Therefore, it is advised to remain cautious in the short term and not to engage in aggressive operations unless the support level at 2363 stabilizes effectively and shows clear signs of rebound. Attention can also be given to low-level rebound opportunities: if the price rises to the middle band of the Bollinger Bands around 2465 with increased trading volume, consider a small position for tentative buying, but quick stop-loss is necessary.
Short-term Strategy Reference:
Long Entry Point 2360, Stop Loss 2330, Stop Loss 30 points, Target 2450
Short Entry Point 2450, Stop Loss 2500, Stop Loss 30 points, Target 2350
The above is a brief analysis by Crypto Market Analysis regarding the current market conditions for investors' reference.