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📖 Day 1 · Quiz (Single Choic
Yesterday, the Crypto Assets market showed a certain rebound trend. Bitcoin experienced a slight rise during the day, steadily climbing from a low of about 110,074 to ultimately reach a high of 111,413. Ether was also not to be outdone, rebounding from a low of 4,268 to a high of 4,315, before entering a consolidation phase.
From a technical analysis perspective, the prices of these two major crypto assets are currently between key support and resistance levels. The short-term moving averages are showing an upward trend, but the long-term moving averages are still declining, reflecting that the market may have upward momentum in the short term, but the long-term trend remains unclear. The contraction of the Bollinger Bands and the price oscillating near the middle band suggest that the market may soon experience significant volatility. The Exponential Moving Average (EMA) shows a bullish arrangement, which provides some support for short-term rises.
However, investors should be cautious about the current market trends. Although there may be a rise in the short term, the larger trend still appears weak. For Bitcoin, the range of 110,500 to 109,800 may be a point of interest, with short-term targets possibly between 111,500 and 112,500. For Ethereum, the range of 4,260 to 4,220 is worth noting, with short-term targets possibly between 4,320 and 4,400.
As an investor, it is crucial to stay alert and patient in this market environment. Do not be easily misled by short-term fluctuations, but rather focus on long-term trends and fundamental factors. At the same time, always pay attention to risk management, setting reasonable stop-loss levels to cope with potential market fluctuations.