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Recently, the Crypto Assets market has shown a trend of fluctuating downwards. From the 4-hour Candlestick Chart analysis, it can be seen that although there are alternating Bullish and Bearish patterns, the Bearish line's body is significantly larger than that of the Bullish line, which indicates that the short positions are continually strengthening.
The price has tested the lower support level multiple times and has approached the key support point several times. If the support level is broken, it may trigger a larger downward trend.
For Bitcoin, it is expected to encounter resistance in the range of 113000 to 113500, while the lower target price may be between 111500 and 112500. For Ethereum, the range of 4090 to 4120 may form pressure, with the downward target range around 3950 to 4020.
It is worth noting that the current market sentiment remains cautious, and investors should closely monitor the potential impact of various macro factors and industry dynamics on the market. When making investment decisions, it is advisable to combine information from multiple sources and manage risks appropriately.
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Oppose moral kidnapping, welcome rational discussion
Short positions are starting to show their power again