CryptokingRajesh
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Recently, the cryptocurrency market has shown a volatile trend. Bitcoin is fluctuating around $105,400, while Ethereum is poised below $2,400. From a technical analysis perspective, Bitcoin's 4-hour chart shows a hammer pattern following a unilateral downtrend, which is often regarded as a potential bottom signal, indicating a possible rebound in the short term.


Within the 1-hour timeframe, the price action begins to show the pattern of an ascending trilogy, with the MACD indicator shifting from negative to neutral. These signs all suggest that a market reversal may be imminent.
Based on the current market conditions, investors may consider focusing on long opportunities for Bitcoin within the range of $105,100 to $105,500, with a target price set around $106,800. For Ethereum, around $2,400 could be a noteworthy entry point, with a target price set around $2,440.
However, it is worth noting that the cryptocurrency market has always been highly volatile. Investors should fully assess the risks before making any decisions and combine them with their own investment strategies and risk tolerance. In addition, market sentiment and external factors can also significantly impact short-term price movements, so it is crucial to remain vigilant and respond flexibly.
As responsible investors, we should continuously pay attention to market dynamics, analyze various factors that may affect prices, and remain calm and rational when making investment decisions. In this rapidly changing market, timely adjustments to strategies and maintaining a learning attitude are key to success.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
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