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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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Dare to trade. Dare to win.
Recently, the Bitcoin market has shown a falling trend, expanding to the daily chart level. The key to the market trend lies in whether the price can stay outside the previous central range of the daily chart (100,000-110,000). If the price falls back into that range, it may indicate the continuation of the falling trend.
The current market performance is quite similar to the situation in early June this year. Based on historical experience, after an initial fall, there may be a rebound that forms a double top or a secondary selling point pattern, which may then lead to a larger decline, thereby completing a daily chart level correction.
Although there may be some pressure in the short term, the market performance in September remains promising in the long run. Investors should closely monitor price movements, especially the performance of key support levels, as well as potential rebound opportunities.
In this market environment, it is especially important to remain calm and rational. Investors need to develop suitable trading strategies based on their own risk tolerance and investment goals. At the same time, they should continuously pay attention to market trends and relevant news in order to adjust their investment decisions in a timely manner.