The cryptocurrency market has once again experienced a remarkable fluctuation. Bitcoin saw a pullback after nearing its all-time high, reaching a peak of $121,311 before retracing to around $118,032. Meanwhile, Ethereum continues to approach its historical high, showing significant volatility but maintaining an upward trend, reaching a peak of $4,365 before pulling back, currently hovering around $4,215.



This market behavior highlights the complexity of Crypto Assets investment. Price Fluctuations in the short term can be exciting or frustrating, but true value often takes time to manifest. For investors, it is important to maintain a long-term perspective and focus on the fundamental value of projects rather than being distracted by short-term market noise.

From a technical analysis perspective, the current market is still in a high-level range oscillation state. The daily level trend is fluctuating widely between the lower and upper bands, showing an overall oscillation with a slight upward bias. Although there is some resistance near the upper band, it has not yet broken below the previous important support level, so it can still be regarded as a pullback in a bullish trend.

For short-term trading strategies, considering the market's fluctuation characteristics, a strategy of buying at low positions and being cautious at high positions can be adopted. There may be buying opportunities for Bitcoin around $118,000, with a short-term target to focus on $120,000. For Ethereum, one can look for entry opportunities in the $4,170-$4,200 range, with targets set at $4,300-$4,350.

However, investors should always keep in mind that the Crypto Assets market is highly volatile and uncertain. Any investment decision should be based on thorough research and risk assessment. Short-term market fluctuations may present enticing opportunities, but they also conceal significant risks. True investment wisdom lies in maintaining patience, focusing on long-term value, and staying alert and insightful throughout market cycles.
BTC-2.47%
ETH-4.43%
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GasWastervip
· 08-15 00:13
Withdraw early to win half!
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Rugpull幸存者vip
· 08-14 15:11
It’s harvest season again.
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BanklessAtHeartvip
· 08-12 00:49
The bull run has arrived, has the expert entered a position?
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SybilSlayervip
· 08-12 00:49
The bull run is here, let's see who runs the fastest.
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DAOdreamervip
· 08-12 00:48
This wave of catching a falling knife is fully anesthetized.
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PrivacyMaximalistvip
· 08-12 00:47
Another wave of large fluctuations
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DecentralizedEldervip
· 08-12 00:43
Wait to drink and make money
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