Recently, the Crypto Assets market has shown a positive trend. Bitcoin fluctuated upwards yesterday, reaching around 112300. From the weekly chart perspective, although it faces resistance at yesterday's high, the overall trend still indicates 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 has formed a golden cross with the 10-day moving average, which is usually regarded as 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.
In terms of Ethereum, the weekly chart shows a rebound from a decline, but it is still being suppressed by the 5-week moving average. On the daily chart, the 5-day and 10-day moving averages have also formed a golden cross, indicating that there may be an upward movement in the short term. Currently, Ethereum may experience a pullback, with support expected around 4405. Investors can pay attention to buying opportunities at this price level.
The performance of Solana (SOL) is also worth paying attention to. 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 the trend of Bitcoin. The key support level is around 208.30, which could be an ideal buying point. In the short term, the target price for SOL may be between 217 and 220.
Overall, the Crypto Assets market shows a positive trend, but investors still need to act cautiously, closely monitor market developments, and manage risks appropriately.
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Layer2Observer
· 09-04 01:51
Data is optimistic, but we still need to observe the moving average trend.
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rugdoc.eth
· 09-04 01:47
The bull run is still far away~ Don't rush.
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TokenRationEater
· 09-04 01:36
Full Position buy buy buy!
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RetailTherapist
· 09-04 01:33
It’s obviously the rhythm of Be Played for Suckers.
Recently, the Crypto Assets market has shown a positive trend. Bitcoin fluctuated upwards yesterday, reaching around 112300. From the weekly chart perspective, although it faces resistance at yesterday's high, the overall trend still indicates 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 has formed a golden cross with the 10-day moving average, which is usually regarded as 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.
In terms of Ethereum, the weekly chart shows a rebound from a decline, but it is still being suppressed by the 5-week moving average. On the daily chart, the 5-day and 10-day moving averages have also formed a golden cross, indicating that there may be an upward movement in the short term. Currently, Ethereum may experience a pullback, with support expected around 4405. Investors can pay attention to buying opportunities at this price level.
The performance of Solana (SOL) is also worth paying attention to. 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 the trend of Bitcoin. The key support level is around 208.30, which could be an ideal buying point. In the short term, the target price for SOL may be between 217 and 220.
Overall, the Crypto Assets market shows a positive trend, but investors still need to act cautiously, closely monitor market developments, and manage risks appropriately.