Recently, the Crypto Assets market has shown a complex trend, worthy of close follow by investors. Bitcoin (BTC) encountered strong resistance around 119,000, subsequently falling back to the 115,000 level, exhibiting clear downward pressure. The technical analysis indicates that the long wick candle pattern on the daily chart and the descending channel on the 4-hour chart suggest a potential difficulty in breaking through the 120,000 barrier in the short term. International trade frictions and tense geopolitical situations have further added uncertainty to the market.



Ethereum (ETH) has recently seen a strong rebound, climbing from a low of 3,858, but it is now showing signs of reaching a peak. Market observers have noted that some large institutional investors seem to be quietly taking profits, which may indicate that the price around 3,700 could be a short-term high.

Other mainstream Crypto Assets like Solana (SOL), Binance Coin (BNB), Bitcoin Cash (BCH), and Cardano (ADA) also show similar volatility trends, and investors need to remain vigilant when participating in the trading of these coins.

For short-term trading strategies, Bitcoin can consider shorting in the range of 118,000 to 118,500, with target prices between 115,600 and 113,000. Ethereum can look for shorting opportunities in the 3,750-3,800 zone, with target prices in the range of 3,530-3,360.

However, the market situation is constantly changing, and investors should make prudent decisions based on their own risk tolerance and investment goals. Whether pursuing short-term profits or long-term value investment, it is essential to comprehensively consider market trends, technical analysis, and fundamental factors. In this market full of opportunities and risks, maintaining a clear mind and flexible strategy is crucial.
BTC1.4%
ETH4.48%
SOL3.42%
BNB2.45%
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0xTherapistvip
· 07-29 12:44
Isn't it almost at the top?
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TxFailedvip
· 07-28 03:58
technically speaking... another bull trap in disguise
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FOMOSapienvip
· 07-27 19:20
Strong pump sideways, I am just panicking.
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ZKProofEnthusiastvip
· 07-27 03:12
Is this really called a peak? Hehe
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GasFeeAssassinvip
· 07-26 13:46
suckers play people for suckers next round
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NFTRegretfulvip
· 07-26 13:37
120,000 is right in front of us. Stay steady, brothers.
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GasFeeVictimvip
· 07-26 13:36
Laughing to death, another wave of Be Played for Suckers.
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Ser_Liquidatedvip
· 07-26 13:33
bearish traders are here, ready to catch a falling knife.
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