The current Crypto Assets market is facing a significant test. From a monthly perspective, the trends of Bitcoin and Ethereum are at a critical Node. Whether Bitcoin at $124,474 and Ethereum at $4,956 can become the peak of this bull run remains to be seen until the closing of the September monthly line.
Recently, Bitcoin has fallen below the $108,000 mark for the first time, which is the most significant risk signal seen in more than half a year. However, the market also shows signs of a short-term bottoming out. The closing situation this week will be extremely crucial. If the weekly chart can show a positive trend, a rebound may occur in the next one to two weeks, with an expected target range between $116,000 and $117,500. This rebound may provide opportunities for some high-quality Crypto Assets that have not yet fully realized their potential.
It is worth noting that the global macroeconomic environment has a significant impact on the crypto assets market. The market generally expects the Federal Reserve to cut interest rates in the near future, and the interest rate decision on September 17 will be an important observation point. This decision could have profound implications for the entire crypto assets market.
Despite the many uncertainties in the market, it may be a moment worth paying attention to for long-term investors. As the end of the year approaches, the market may undergo new changes. Investors need to remain vigilant, closely monitor market trends, and adjust their investment strategies in a timely manner in order to achieve ideal investment returns by the end of the year.
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The current Crypto Assets market is facing a significant test. From a monthly perspective, the trends of Bitcoin and Ethereum are at a critical Node. Whether Bitcoin at $124,474 and Ethereum at $4,956 can become the peak of this bull run remains to be seen until the closing of the September monthly line.
Recently, Bitcoin has fallen below the $108,000 mark for the first time, which is the most significant risk signal seen in more than half a year. However, the market also shows signs of a short-term bottoming out. The closing situation this week will be extremely crucial. If the weekly chart can show a positive trend, a rebound may occur in the next one to two weeks, with an expected target range between $116,000 and $117,500. This rebound may provide opportunities for some high-quality Crypto Assets that have not yet fully realized their potential.
It is worth noting that the global macroeconomic environment has a significant impact on the crypto assets market. The market generally expects the Federal Reserve to cut interest rates in the near future, and the interest rate decision on September 17 will be an important observation point. This decision could have profound implications for the entire crypto assets market.
Despite the many uncertainties in the market, it may be a moment worth paying attention to for long-term investors. As the end of the year approaches, the market may undergo new changes. Investors need to remain vigilant, closely monitor market trends, and adjust their investment strategies in a timely manner in order to achieve ideal investment returns by the end of the year.