With the arrival of a new month and a new week, the Crypto Assets market is also ushering in new opportunities. Although this field has similar sayings to traditional markets like "Golden September and Silver October", investors should face market changes with a positive mindset and look forward to good returns.
The recent pullback of Bitcoin around $107,000 has ended, and a significant rebound has occurred. Currently, the short-term resistance level is around $109,500, and the price is steadily rising. This trend brings new hope to investors.
On the Ethereum side, the two important support levels mentioned earlier near $4,480 and $4,460 have successfully held. Now these two positions have turned into new support, with the bottom gradually rising. In the short term, around $4,510 and $4,540 may become new resistance levels. After two days of fluctuations, Ethereum seems to be seeking a breakthrough, preparing to climb to higher levels.
It is worth noting that the recent WLFI project has attracted widespread attention in the market. However, investors should approach such newly launched projects with caution, as they often experience significant selling pressure and are prone to sharp price fluctuations. Investment strategies that purely rely on guessing the direction carry a high risk and are not recommended.
Overall, the current Crypto Assets market is showing some positive signals. The technical indicators for Bitcoin and Ethereum have both improved, which may suggest that the market is about to welcome new upward opportunities. However, investors still need to remain vigilant, manage risks appropriately, and avoid being misled by some high-risk projects. In this market full of opportunities and challenges, maintaining rationality and patience will be key to success.
The recent pullback of Bitcoin around $107,000 has ended, and a significant rebound has occurred. Currently, the short-term resistance level is around $109,500, and the price is steadily rising. This trend brings new hope to investors.
On the Ethereum side, the two important support levels mentioned earlier near $4,480 and $4,460 have successfully held. Now these two positions have turned into new support, with the bottom gradually rising. In the short term, around $4,510 and $4,540 may become new resistance levels. After two days of fluctuations, Ethereum seems to be seeking a breakthrough, preparing to climb to higher levels.
It is worth noting that the recent WLFI project has attracted widespread attention in the market. However, investors should approach such newly launched projects with caution, as they often experience significant selling pressure and are prone to sharp price fluctuations. Investment strategies that purely rely on guessing the direction carry a high risk and are not recommended.
Overall, the current Crypto Assets market is showing some positive signals. The technical indicators for Bitcoin and Ethereum have both improved, which may suggest that the market is about to welcome new upward opportunities. However, investors still need to remain vigilant, manage risks appropriately, and avoid being misled by some high-risk projects. In this market full of opportunities and challenges, maintaining rationality and patience will be key to success.
