DeFiAlchemist
vip

Recently, the Crypto Assets market has shown a new development trend. After three days of consolidation, the Bitcoin price has gradually broken free from the fluctuations and exhibited an upward momentum. Following a brief adjustment around $107,400, Bitcoin has made a strong push again, breaking through the $108,000 mark, and is currently consolidating at a high around $108,100. This price movement indicates that the market's bullish and bearish forces have once again switched.



From a technical perspective, the four-hour candlestick chart shows that the bullish trend has somewhat recovered. The price has retraced to $107,400 after reaching $108,500, but has not broken below the EMA15 trend support level. Although the MACD indicator has shown a decrease in volume, the DIF and DEA lines are still in a divergent state above the zero axis. If a golden cross forms, it may indicate a breakthrough of previous highs; conversely, a quick retracement cannot be ruled out.

For short-term traders, there are some key price levels to pay attention to in the current market. Bitcoin may face resistance around $108,500, with support below at $107,000. At the same time, Ethereum (ETH) also has potential resistance near $2,540, with support around $2,450.

Overall, the Crypto Assets market is at a critical turning point. Investors should closely monitor the price movement and changes in technical indicators, while weighing risks and making cautious decisions. As market sentiment continues to fluctuate, the trends in the coming days will have a significant impact on the short to medium-term trend.
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • Share
Comment
0/400
PanicSellervip
· 07-02 12:48
Breaking a hundred thousand is the top, remember what I said.
View OriginalReply0
ZenChainWalkervip
· 07-02 10:52
The momentum is about to break quickly.
View OriginalReply0
MidnightGenesisvip
· 06-30 16:06
Just from the on-chain data, the EMA15 has an unusually high point.
View OriginalReply0
ReverseTradingGuruvip
· 06-30 00:49
Enter a position and it falls, falls, falls.
View OriginalReply0
DevChivevip
· 06-30 00:47
Don't enter a position, I'll run a lap first.
View OriginalReply0
MeaninglessApevip
· 06-30 00:43
Just lay back and profit during the bull run.
View OriginalReply0
GateUser-5854de8bvip
· 06-30 00:31
Just lie down and watch the show with 100,000.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)