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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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Dare to trade. Dare to win.
The crypto assets market showed a tumultuous trend yesterday. Early trading was calm, but as the US stock market opened, a noticeable rebound occurred. Bitcoin briefly broke through the 115,000 mark; however, the rise could not be sustained, aligning closely with previous market expectations.
Currently, the market is facing considerable upward pressure, and breakout signals are not yet obvious. Considering the current market situation, investors may need to adopt a more cautious strategy, especially regarding short positions at high levels.
Specifically, Bitcoin may encounter resistance in the range of 115,300 to 115,800, with a potential downward target around 114,500. Ethereum may face pressure in the range of 3,660 to 3,700, with a downward target around 3,600.
It is worth noting that although the market may face adjustments in the short term, the fundamentals of the crypto assets market remain robust in the long term. Investors should closely monitor various macroeconomic factors and industry dynamics to make more informed investment decisions.
Regardless, it is crucial to remain calm and rational in this ever-changing market. Remember, investing always comes with risks, and it is essential to develop a suitable trading strategy based on your own risk tolerance and investment goals.