SatoshiChallenger
vip

Currently, the Crypto Assets market is showing a high-level fluctuation trend. Bitcoin (BTC) is slightly fluctuating within the range of $117,000 to $118,000. Ethereum (ETH) had earlier dropped to $2,921, then rebounded and rose, reaching a high of $2,978.



From a technical perspective, the short-term moving averages are intertwined, indicating that the forces of bulls and bears are in a stalemate. Although the MACD indicator is above the zero axis, the red and green bars are short and alternating, suggesting a lack of clear direction in the market and insufficient momentum. The KDJ indicator frequently oscillates in the overbought and oversold regions, further confirming the market's fluctuation characteristics.

Based on the current market conditions, it is expected that the overall market will continue to maintain a high-level narrow fluctuation this weekend. For traders, the following key price levels can be focused on:

In terms of Bitcoin, consider establishing a long position around $117,000, with a target price set at $118,500. Regarding Ethereum, look for long opportunities around $2,940, with a target price of $3,000.

However, investors should be aware that the Crypto Assets market is characterized by significant Fluctuation and higher risks. It is recommended to carefully assess personal risk tolerance and conduct a comprehensive analysis considering multiple factors before making any trading decisions. At the same time, continuously monitor market dynamics and potential influencing factors, such as changes in regulatory policies and macroeconomic conditions, to adjust strategies in a timely manner.
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Share
Comment
0/400
GateUser-aa7df71evip
· 2h ago
Everyone is waiting for the breakout, just be patient.
View OriginalReply0
LidoStakeAddictvip
· 07-12 08:41
This market is really just moving sideways~
View OriginalReply0
blocksnarkvip
· 07-12 08:28
The range is too narrow, what are we grinding for?
View OriginalReply0
BlockchainDecodervip
· 07-12 08:28
MACD momentum is insufficient, the range is confirmed to be sideways again, be cautious about catching a falling knife at high levels.
View OriginalReply0
DAOdreamervip
· 07-12 08:22
One person eats, drinks tea, and takes a walk.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)