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"BTC is oscillating around $97,729, with intense long and short positions; ETH touched the take-profit level, but longs still face uncertainties; the overall market is weak or may enter the airdrop phase."
Extended Content:
The recent performance of the Crypto Assets market is complex, with mainstream and secondary mainstream currencies showing divergent trends, presenting an overall pattern of oscillation and probing.
1. BTC (BTC)
The BTC price has been oscillating within the range of 91,630 to 97,729 US dollars for a long time, and recently attempted to break through the upper boundary of 97,729 US dollars. Although it once exerted upward force, the uncertainty of the market made the breakthrough insufficient.
Key observation points:
97,729 US dollars is an important resistance level, and whether it is broken or not will determine the short-term market direction.
The bullish and bearish boundary of 95,710 US dollars in the weekly strategy provides effective support. Long positions currently have a slight advantage, but their sustainability needs to be observed.
Factors affecting: The international geopolitical tensions and the discussion on regulatory policies are important variables affecting market sentiment.
2. Ethereum (ETH)
After reaching the profit-taking level of $3,889 based on the weekly strategy, ETH shows a temporary advantage in long positions.
Key point: $3,572 is the bull-bear line and the core basis for determining the conversion of long and short positions. Currently, the long positions are relatively strong, but the subsequent trend depends on the overall market sentiment change.
Risk Warning: The future trend of ETH will be affected by the Fluctuation of Bitcoin prices and the overall market trend. If market sentiment turns bearish, ETH may not be able to stand alone.
3. Overall Market Trend
In addition to BTC and ETH, the mainstream tokens and altcoins have generally shown a downward trend this week, weakening market confidence.
Influencing factors:
The uncertainty of the macroeconomic environment, exchange security vulnerabilities, and technical issues in some projects are potential risk points for market Fluctuation.
Investment advice:
Reduce holdings of high-risk assets such as altcoins, and increase the proportion of mainstream tokens with strong liquidity, such as BTC and ETH.
Closely follow macroeconomic policies and industry dynamics, and adjust investment strategies promptly to cope with market risks.
In the current complex market environment, investors need to remain cautious, follow the market dynamics at any time, and deal with possible Airdrop market phases in a more stable manner, capturing potential Rebound opportunities #BTC# #ETH#