Recently, the Bitcoin market has shown a complex trend. The crypto asset quickly pulled back after encountering resistance around $112,500, and subsequent attempts to rally were also unsuccessful, resulting in a continued downward trend. The daily chart shows a candlestick pattern with wicks, and the current price has retreated to around $111,300.



Market analysis shows that the daily chart rebound momentum is insufficient. If it cannot effectively break through the resistance level above 113000 dollars, the pullback trend may continue further. Investors should be aware of potential risks and make appropriate preparations.

Observing the 4-hour chart, Bitcoin's price rebounded after hitting a low of $110,300 but failed to break through the key resistance level. Currently, the price trend remains within the mid-range area. It is worth noting that the resistance above is continuously moving downward, while the support at the lower band has not fully closed. This means that if the rebound momentum weakens, the market may once again dive lower and create new lows.

Overall, the current market maintains a weak oscillation pattern, with the daily chart gains gradually being retraced. In view of this, short-term operators may consider placing short positions after a pullback. Investors should pay close attention to the resistance situation around 113000 dollars.

For Bitcoin, consider shorting in the range of $111,500-$112,000, with a target price of $110,500. Regarding Ethereum, pay attention to shorting opportunities in the range of $4,520-$4,540, with a target price of $4,450.

However, the Crypto Assets market is ever-changing, and investors should fully assess the risks before making any decisions, combining their own investment strategies to make judgments. The uncertainty of the market requires investors to remain vigilant and adjust their strategies at any time to respond to potential changes.
BTC0.14%
ETH-2.02%
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SatoshiChallengervip
· 2h ago
Seeing a short order again, I really thought I could predict the top.
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ChainWanderingPoetvip
· 2h ago
Short order is bound to lose in this wave.
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0xSherlockvip
· 12h ago
Short order is the right move, guaranteed profit without loss.
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ColdWalletGuardianvip
· 19h ago
It's another bull run pullback, just hold steady and it will be fine.
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OnChainDetectivevip
· 19h ago
hmm... typical whale manipulation pattern detected at 112.5k. seen this movie before tbh
Reply0
GetRichLeekvip
· 19h ago
Another perfect night of buying the dip and getting trapped...
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SatoshiLegendvip
· 19h ago
Let the code speak, pure Computing Power guardian.
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governance_ghostvip
· 19h ago
Another fall? It just rose a few days ago.
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not_your_keysvip
· 19h ago
Hehe, the blood of retail investors is going to flow again.
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TokenTaxonomistvip
· 20h ago
per my analysis, this btc pattern exhibits classic prey-predator dynamics... statistically inevitable tbh
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