Recently, the Crypto Assets market has shown a volatile trend, with Bitcoin and Ethereum both encountering resistance. Bitcoin continues to display a downward trend, and its rebound momentum is gradually weakening. It is expected that this downward trend may continue in the short term. However, with the weekend approaching, market trading activity may decrease, which could limit further downside potential.



In terms of Ethereum, its price trend shows a clear negative correlation between daytime recovery and nighttime fall. Price lows are being continuously broken, and the support of integer thresholds has already failed. The short-term rebound may be viewed as an opportunity for bears to enter.

For traders, the current market environment requires caution. Bitcoin may encounter resistance around 117800, and if it breaks this level, it could further fall to around 116500. Meanwhile, Ethereum may face pressure around 4450, and if it cannot hold, it may drop to the 4360 level.

However, we must also note that the volatility of the Crypto Assets market has always been high, and the situation can change rapidly. Investors should closely monitor market dynamics, manage risks appropriately, and make decisions based on their risk tolerance and investment objectives. Additionally, paying attention to broader macroeconomic factors and the regulatory environment is crucial, as these factors can significantly impact the Crypto Assets market.
BTC-2.23%
ETH-4.36%
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GasFeeCriervip
· 08-16 09:49
Fill up with gas and keep going!
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ApeDegenvip
· 08-15 20:50
Are the pros all bullish and closing all positions?
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BearMarketBuildervip
· 08-15 20:46
What are you panicking about? Get ready to buy the dip.
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DeFiAlchemistvip
· 08-15 20:45
*adjusts crystal ball* the market's alchemical patterns suggest we're in a fibonacci-guided descent... fascinating transmutation ahead
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LeekCuttervip
· 08-15 20:42
Do you still dare to go all in?
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