Tonight, the Crypto Assets market is showing some interesting dynamics. Bitcoin (BTC) experienced a rapid fall today after fluctuating at high levels. The reasons behind this abrupt change are worth pondering: Is it to prepare for a rise after the upcoming important news announcement? Or is it influenced by the continuing low market sentiment? There is currently no clear answer.



From a technical analysis perspective, the current Relative Strength Index (RSI) has entered the oversold territory, and a rebound may occur in the short term. Investors should closely monitor the key support level of 111900. If this level is breached and the rebound is weak, it may be necessary to adjust strategies in a timely manner to avoid further downside risk. Conversely, if the support holds, it is advisable to observe subsequent trading volume and related news to determine whether a corrective rebound will occur.

For Ethereum (ETH), it is recommended to observe around the 4255-4180 range, with a target price near 4330-4450.

It is worth noting that today coincides with the so-called 'Black Friday', which may have a certain impact on market sentiment. In addition, the release of the initial jobless claims data in the United States may also become one of the factors influencing the short-term market direction.

In this complex and ever-changing market environment, investors need to remain calm, closely monitor market dynamics, and manage risks reasonably. At the same time, they should also pay attention to broader macroeconomic indicators and policy changes, as these factors often have a profound impact on the Crypto Assets market.
BTC-2.46%
ETH-2.49%
View Original
post-image
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
  • 5
  • Repost
  • Share
Comment
0/400
MultiSigFailMastervip
· 08-25 08:04
This round is completely contrary to what I predicted.
View OriginalReply0
VirtualRichDreamvip
· 08-22 12:45
You got trapped again, right?
View OriginalReply0
SolidityStrugglervip
· 08-22 12:44
Are they here to Be Played for Suckers again?
View OriginalReply0
LootboxPhobiavip
· 08-22 12:34
fall fall I want to vomit
View OriginalReply0
liquidation_surfervip
· 08-22 12:25
Let's go and see who falls faster.
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)