The current cryptocurrency market is showing a fluctuating trend, with Bitcoin's price hovering around $112,100. From a technical perspective, as long as Bitcoin does not fall below the key support level of $111,000, the possibility of a rebound still exists.
From a short-term perspective, Bitcoin has returned to operating within the Bollinger Bands and is gradually moving from the lower band towards the middle band. This indication suggests that a certain amount of upward momentum may have accumulated in the short term. It is expected that Bitcoin may exhibit a fluctuating upward trend in the coming period.
For traders, the current market environment may offer some potential opportunities. Bitcoin may present a buying opportunity in the range of 110800-111300 USD, with a target price to watch around 113000 USD. Meanwhile, Ethereum (commonly referred to as 'Auntie') may also exhibit bullish opportunities in the range of 4090-4130 USD, with a target price to watch around 4300 USD.
However, investors should bear in mind that the Crypto Assets market carries high risks and experiences significant Fluctuation. It is essential to conduct thorough research and risk assessment before making any trading decisions. Market conditions change rapidly, and timely adjustment of strategies is crucial. Additionally, diversification is an effective method to reduce risks.
From a short-term perspective, Bitcoin has returned to operating within the Bollinger Bands and is gradually moving from the lower band towards the middle band. This indication suggests that a certain amount of upward momentum may have accumulated in the short term. It is expected that Bitcoin may exhibit a fluctuating upward trend in the coming period.
For traders, the current market environment may offer some potential opportunities. Bitcoin may present a buying opportunity in the range of 110800-111300 USD, with a target price to watch around 113000 USD. Meanwhile, Ethereum (commonly referred to as 'Auntie') may also exhibit bullish opportunities in the range of 4090-4130 USD, with a target price to watch around 4300 USD.
However, investors should bear in mind that the Crypto Assets market carries high risks and experiences significant Fluctuation. It is essential to conduct thorough research and risk assessment before making any trading decisions. Market conditions change rapidly, and timely adjustment of strategies is crucial. Additionally, diversification is an effective method to reduce risks.
