The Crypto Assets market has recently shown a downward channel, but this does not mean that the bull run has ended. The market seems to be undergoing a bottoming process rather than a complete collapse. If the market were really going to have a big dump, it would have already broken through the key support level.
Analysts predict that the market may first reach near the previous high in September, followed by another pullback. It is worth noting that although the decline process may be slow, the rebound often comes quickly. A few strong bullish candles could pull the market back onto the bull run track.
Market observers have provided several key price levels:
Regarding Bitcoin: Resistance range above: 11265-11455 Support level range: 10288-10188, in extreme cases may reach 10045.
On the Ethereum side: Upper resistance level: 4555, 4777 Support levels below: 4333, 4255
These price levels may become important reference points for market fluctuations in the short term. Investors should closely monitor these key levels to better grasp market trends.
Despite the market experiencing a pullback, some well-known figures in the industry remain optimistic. Reports suggest that MicroStrategy's CEO Michael Saylor hinted at potentially increasing his Bitcoin holdings, which may inject some confidence into the market.
Overall, the current market situation may just be a pullback in the bull run. Investors should remain calm, pay attention to important support levels and resistance levels, while closely monitoring the movements of market big players to make informed investment decisions.
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HodlVeteran
· 09-02 18:20
The old suckers have bottomed out for two years and are finally stable now.
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rugged_again
· 09-01 02:51
What the hell, I just buy the dip and that's it.
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Token_Sherpa
· 09-01 02:50
been here since 2017... still seeing same old ponzinomics tbh
Reply0
LayerZeroHero
· 09-01 02:42
Pro entered a position, things are getting better.
View OriginalReply0
pumpamentalist
· 09-01 02:34
Pro says the coin price is going to jump, just watch the show.
The Crypto Assets market has recently shown a downward channel, but this does not mean that the bull run has ended. The market seems to be undergoing a bottoming process rather than a complete collapse. If the market were really going to have a big dump, it would have already broken through the key support level.
Analysts predict that the market may first reach near the previous high in September, followed by another pullback. It is worth noting that although the decline process may be slow, the rebound often comes quickly. A few strong bullish candles could pull the market back onto the bull run track.
Market observers have provided several key price levels:
Regarding Bitcoin:
Resistance range above: 11265-11455
Support level range: 10288-10188, in extreme cases may reach 10045.
On the Ethereum side:
Upper resistance level: 4555, 4777
Support levels below: 4333, 4255
These price levels may become important reference points for market fluctuations in the short term. Investors should closely monitor these key levels to better grasp market trends.
Despite the market experiencing a pullback, some well-known figures in the industry remain optimistic. Reports suggest that MicroStrategy's CEO Michael Saylor hinted at potentially increasing his Bitcoin holdings, which may inject some confidence into the market.
Overall, the current market situation may just be a pullback in the bull run. Investors should remain calm, pay attention to important support levels and resistance levels, while closely monitoring the movements of market big players to make informed investment decisions.