Recently, due to the influence of favourable information, the Crypto Assets market has experienced a wave of pump. The prices of major coins have broken new highs and are currently close to the 124,000 yuan mark. The market trend shows a clear rise, and if it can break through the 125,000 yuan barrier, it is expected to continue climbing. However, caution is also needed for potential short-term pullbacks.



From a technical analysis perspective, the current market is at a high level, showing a rise for six consecutive trading days, with strong bullish sentiment. The upward channel remains in good shape, and the MACD indicator is above the zero line, indicating positive signals. However, it is worth noting that the RSI indicator has reached 73.88, entering the overbought area, which suggests a potential pullback risk in the short term. Nevertheless, the overall market still maintains a strong trend.

Considering the current market conditions, it is recommended that investors adopt a cautious strategy, primarily for defense. Attention can be paid to pullback opportunities in the range of 122,000 to 119,500, with an upper target set near 124,600 to 125,000. For other coins, pullback opportunities can be observed in the range of 4,700 to 4,720, with an upper target looking towards the range of 4,800 to 4,820.

Finally, investors are reminded to remain vigilant, closely monitor market trends, and adjust strategies in a timely manner. The Crypto Assets market is highly volatile, with high risks and high returns coexisting, so please make investment decisions based on your own risk tolerance.
View Original
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.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
HodlBelievervip
· 08-14 02:53
The RSI is already at 73; the conservative PI suggests to reduce position.
View OriginalReply0
Anon32942vip
· 08-14 02:52
The trap has long been set, just waiting for now.
View OriginalReply0
ChainWanderingPoetvip
· 08-14 02:46
Suckers, let's go!
View OriginalReply0
StakeHouseDirectorvip
· 08-14 02:35
I'm going crazy, I'm going crazy. If I keep procrastinating, I'm going to miss out!
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)