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- 📢 Gate Square #Creator Campaign Phase 2# is officially live!
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Hello, investors!
The cryptocurrency market is showing a volatile trend today. Let's briefly analyze the recent movements of Bitcoin ( BTC ) and Ethereum ( ETH ).
In terms of Bitcoin, it is currently in a low-level rebound stage. In the short term, we are focusing on the key resistance level around $1185. If this level is broken, the market is likely to continue rising, with the next target range between $1195 and $1203. However, if it fails to break through $1185, a pullback may occur. In this case, the downward target could return to the range of $1170 to $1158.
Ethereum is also showing a trend of low-level rebound. The current upward target is initially aimed at around $3650. If this level can be broken, the next target range is between $3720 and $3750. However, if it fails to break through the $3650-$3660 range, the market may continue to dive, with the primary target being around $3580. If it further declines, it may test the $3550-$3500 range.
Overall, the market is still looking for direction. For investors who have already established long positions at low levels, they can refer to the price levels mentioned above for position management. Please keep a close eye on market dynamics and manage risks appropriately. In this uncertain market, it is crucial to remain calm and rational.