Recently, the crypto assets market has shown a fluctuating trend. Bitcoin, after experiencing a previous fall, is currently fluctuating slightly within the range of 108800-107400, with the market temporarily in a balanced state.



From a technical analysis perspective, the hourly Bollinger Bands indicator shows that the three lines are still diverging downwards. Although the bandwidth has slightly narrowed compared to the previous sharp decline, there are no obvious signs of a reversal in the overall downtrend. This indicates that the bears still dominate in the short term.

It is worth noting that the price of Bitcoin has gradually moved upward from its previous weak state closely tied to the lower track, showing a trend of approaching the middle track. This phenomenon reflects a phase of weakening short selling power after continuous release, while also indicating that bulls are trying to take small positions, but the strength is still insufficient.

Based on the current market situation, investors can pay attention to Bitcoin's performance around 108800 and 109500, with potential support levels in the 107700-107000 range. For Ethereum, the key price levels are around 4410 and 4470, with potential support in the 4300-4220 range.

Overall, although the market shows signs of temporary stabilization, the overall downward trend has not changed. Investors should remain cautious in their operations and closely monitor market movements and the breakthrough of key price levels.
BTC0.03%
ETH-2.42%
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BearMarketSurvivorvip
· 08-29 23:50
Don't panic, this wave is to wash the suckers.
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GasBankruptervip
· 08-29 23:49
Let's go with the fried fish plate for the morning session.
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blocksnarkvip
· 08-29 23:49
It's all a trap, already predicted until the end of the month.
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WhaleWatchervip
· 08-29 23:48
Be Played for Suckers again.
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MondayYoloFridayCryvip
· 08-29 23:46
The bull run is just gone??
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BTCRetirementFundvip
· 08-29 23:21
Have a little drink and get some sleep, and the market will naturally rise.
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