The crypto assets market has always been highly volatile, and investors often make impulsive decisions driven by emotions. However, whether it's the crazy rise during a bull run or the sharp fall in a bear market, they are merely parts of the market cycle. Just as Bollinger Bands always revert to the mean, the market also has its inherent rules.
Recently, the Bitcoin market has shown a strong upward momentum but is also facing short-term adjustment pressure. In Friday's market, the price of Bitcoin began to fall after reaching a high of $120,627, touching a low of $119,209 in the afternoon. It then stabilized and rebounded, climbing to a high of $123,894 in the early hours of Saturday, and is currently stabilizing around $122,000.
Ethereum has also experienced similar fluctuations. It rose to $4,559 in the morning before retreating, dipping to $4,426 in the afternoon. It then rebounded slightly, reaching a high of $4,591 early Saturday morning, and is currently trading around $4,480.
From a technical perspective, Bitcoin and Ethereum are both showing strong upward trends, but may enter a consolidation phase in the short term. This adjustment is a normal phenomenon in a trend, providing the market with a chance to breathe and gather strength. The one-hour MACD indicator shows that, although it is still in a bullish arrangement, signs of a turning point have appeared, suggesting that there may be downward pressure in the short term.
For investors, it is important to stay rational and not be swayed by short-term fluctuations. Instead, focus on the long-term trend and underlying fundamentals of crypto assets. During market pullbacks, you may consider a strategy of buying the dip, but at the same time, you must also be prepared for risk management.
Bitcoin can focus on buying opportunities around $121,500-$122,000, with a target price of $124,000. Meanwhile, Ethereum can look for entry points around $4,450-$4,480, with a target price of $4,600.
However, investors need to keep in mind that the Crypto Assets market is highly risky and prices fluctuate significantly. Before making any investment decisions, it is essential to conduct thorough research and risk assessment. Staying calm and patient is key to achieving long-term success in this market filled with opportunities and challenges.
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DegenWhisperer
· 2h ago
Still the rhythm of suckers giving away...
View OriginalReply0
RugpullSurvivor
· 10-03 19:51
The pattern opens up, and it's a shuttle!
View OriginalReply0
GasOptimizer
· 10-03 19:48
Where did the gas go? I calculated that the hedging efficiency is only 93.72%.
View OriginalReply0
PumpBeforeRug
· 10-03 19:45
Life and death are predestined, wealth and nobility depend on coin.
View OriginalReply0
ChainDoctor
· 10-03 19:36
Bull, just go all in and it's done.
View OriginalReply0
SandwichTrader
· 10-03 19:33
Who can resist the temptation of 120,000?
View OriginalReply0
MoonRocketTeam
· 10-03 19:30
BTC is ready to launch! The main thruster is poised for action! Get ready to board as soon as the signal is clear.
View OriginalReply0
SmartContractRebel
· 10-03 19:29
So starting to lay flat with tens of thousands, right?
The crypto assets market has always been highly volatile, and investors often make impulsive decisions driven by emotions. However, whether it's the crazy rise during a bull run or the sharp fall in a bear market, they are merely parts of the market cycle. Just as Bollinger Bands always revert to the mean, the market also has its inherent rules.
Recently, the Bitcoin market has shown a strong upward momentum but is also facing short-term adjustment pressure. In Friday's market, the price of Bitcoin began to fall after reaching a high of $120,627, touching a low of $119,209 in the afternoon. It then stabilized and rebounded, climbing to a high of $123,894 in the early hours of Saturday, and is currently stabilizing around $122,000.
Ethereum has also experienced similar fluctuations. It rose to $4,559 in the morning before retreating, dipping to $4,426 in the afternoon. It then rebounded slightly, reaching a high of $4,591 early Saturday morning, and is currently trading around $4,480.
From a technical perspective, Bitcoin and Ethereum are both showing strong upward trends, but may enter a consolidation phase in the short term. This adjustment is a normal phenomenon in a trend, providing the market with a chance to breathe and gather strength. The one-hour MACD indicator shows that, although it is still in a bullish arrangement, signs of a turning point have appeared, suggesting that there may be downward pressure in the short term.
For investors, it is important to stay rational and not be swayed by short-term fluctuations. Instead, focus on the long-term trend and underlying fundamentals of crypto assets. During market pullbacks, you may consider a strategy of buying the dip, but at the same time, you must also be prepared for risk management.
Bitcoin can focus on buying opportunities around $121,500-$122,000, with a target price of $124,000. Meanwhile, Ethereum can look for entry points around $4,450-$4,480, with a target price of $4,600.
However, investors need to keep in mind that the Crypto Assets market is highly risky and prices fluctuate significantly. Before making any investment decisions, it is essential to conduct thorough research and risk assessment. Staying calm and patient is key to achieving long-term success in this market filled with opportunities and challenges.