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Complete deposit and trading tasks to receive random LOT airdrops. Exclusive Alpha trading task await!
Recently, the Crypto Assets market has once again fallen into a narrow range of fluctuations. After a slight pullback, the Bitcoin price has entered a phase of consolidation again. The market trend is similar to the previous trading day, with the resistance level around 108,000 dollars becoming increasingly apparent.
After multiple attempts to break through without success, the Bitcoin price is showing a trend of pulling back under pressure. In the short term, the price trend has begun to exhibit a slow oscillating downward trend. Currently, the Bitcoin price fluctuates between the middle and lower bands of the Bollinger Bands, and investors may consider aligning with the trend by placing short positions at rebound highs.
In terms of specific operational suggestions, attention can be paid to Bitcoin's performance around the resistance level of $107,500. If there is a significant pressure level, consider opening a short position, with support levels to watch around $106,000. For Ethereum, one can observe for shorting opportunities around $2,450, with support levels around $2,350.
It is worth noting that the current market is still in a volatile phase, and investors need to closely monitor market changes and adjust their strategies in a timely manner. At the same time, the Crypto Assets market carries high risks, and investors should operate cautiously and implement effective risk management.