The Crypto Assets market has recently shown a high degree of Fluctuation, with various major coins performing differently.



Bitcoin (BTC) is once again attempting to break through the resistance range of $121,800 to $122,500 after a brief adjustment, but has not succeeded. Subsequently, the price has retreated to the support level of $120,000 and has shown a rebound. Currently, BTC is in a key area of contention between bulls and bears. In the short term, $120,000 remains an important support level; if this level is breached, it could further retrace to the range of $118,800 to $118,000, and may even test the support at $117,000. However, as long as the support level of $120,000 is not broken, the short-term trend still leans towards rising. The upper resistance level is in the range of $122,500 to $123,300. If this area is broken, BTC may challenge new highs in the range of $126,000 to $128,000.

Ethereum (ETH) has recently shown remarkable upward momentum. The price quickly rebounded after touching the support level of $4,613. Next, attention should be paid to the support range of $4,613-$4,560. If this range is broken, a further pullback to around $4,500 may occur. However, if it can hold steady in the $4,600-$4,560 range, ETH may attempt to rally again. The current main resistance level is at $4,800-$4,880, and once broken, the $5,000 mark may come quickly.

Solana (SOL) is also showing strong upward momentum, with the recent surge reaching a resistance level of $205. This price point will be key to whether SOL can continue to move upwards.

Overall, the Crypto Assets market is at a critical turning point. Investors should closely monitor the performance of various support and resistance levels, while also paying attention to changes in market sentiment and ensuring proper risk management.
BTC-0.53%
ETH0.8%
SOL6.06%
View Original
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
  • 10
  • Repost
  • Share
Comment
0/400
LiquidationSurvivorvip
· 08-16 17:15
If it breaks again, I will go all in!
View OriginalReply0
MetaverseLandlordvip
· 08-16 02:21
Fall and then buy the dip.
View OriginalReply0
gaslight_gasfeezvip
· 08-15 21:15
I lost all my money in Cryptocurrency Trading after paying the gas fees.
View OriginalReply0
HodlKumamonvip
· 08-13 17:45
Bulls shouldn't be too bullish~ The 120k support level has already been calculated by the little bear, and the probability is quite stable.
View OriginalReply0
TokenEconomistvip
· 08-13 17:32
actually, the support levels are showing classic liquidity trap patterns... fibonacci sequence predicts 117k bottom tbh
Reply0
rekt_but_not_brokevip
· 08-13 17:28
Don't panic, the bull run has just begun.
View OriginalReply0
PensionDestroyervip
· 08-13 17:24
Sigh, only those who play this market know.
View OriginalReply0
Fren_Not_Foodvip
· 08-13 17:23
5W just went Short Position, I won't play during the bull run.
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)