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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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The cryptocurrency market is showing significant volatility today. The price of Bitcoin has experienced multiple fluctuations throughout the day, first dipping to around $113,700, then rebounding to $115,100, and subsequently stabilizing at the level of $114,700.
Market analysis shows that bullish strength has demonstrated strong momentum after dipping. From a technical perspective, the Bollinger Bands on the hourly chart have clearly expanded, indicating that market volatility is on the rise, and the battle between bulls and bears is entering a more intense phase.
In the short term, investors need to closely monitor the direction of price breakthroughs within the range. With the release of bullish momentum, the sustainability of the market rebound deserves special attention. However, we must not overlook the risk that the strength of bulls and bears may quickly shift in such a wide-ranging volatile market.
For Bitcoin (BTC), if the price dips to the range of $114,000 to $113,500, it may usher in a new round of increases, with target prices looking towards around $115,600 to $116,300.
In terms of Ethereum (ETH), if the price dips to the range of $3,640 to $3,610, it may rebound to around $3,690 to $3,720.
Overall, the current market is still in a highly volatile phase, and investors need to remain cautious when making decisions, closely monitor market trends, and implement effective risk management.