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Recently, the Crypto Assets market has shown significant Fluctuation. The daily Candlestick for Bitcoin indicates that the price is fluctuating between $103,400 and $98,100, having fallen below the important EMA60 and EMA90 trend lines. The next key support level that the market is following is around $97,600. The technical indicator MACD shows that, with the continuous shrinkage of volume, both the DIF and DEA lines have fallen below the zero axis, releasing bearish signals.
On the four-hour chart, after Bitcoin broke below the 100,000 USD mark, it has shown an accelerated decline, with a drop of over 1,000 points in a short period. The MACD indicator shows that the volume continues to shrink, the bearish momentum persists, and the DIF and DEA lines continue to diverge below the zero axis. Investors need to closely follow the resistance level near the middle band of the Bollinger Bands at 103,000 USD.
Based on the current market situation, a downward trend may continue in the short term. If investors are considering trading, they may follow shorting opportunities in the 102,000-103,000 USD range, with target levels set in the 101,000-100,500 USD range. If this range is broken, it may further decline.
Ethereum also shows a similar trend. You can follow the short-selling opportunities in the $2,280-$2,380 range, with target levels to consider in the $2,150-$2,100 range. If the support level below is broken, it may continue to fall.
The current market fluctuation is intensifying, and investors must operate cautiously and manage risk effectively. At the same time, it is essential to closely follow market changes and adjust strategies in a timely manner.