The Crypto Assets market once again showcases its Fluctuation today, presenting lucrative profit opportunities for astute traders. In particular, the afternoon's fall provided long positions with an excellent get on board opportunity.



Although Bitcoin has not reached the expected support level, the performance of Ethereum and BNB is quite remarkable. Ethereum has broken through the second important support level, while BNB has precisely touched its second support level. Solana is also hovering near the first support level, providing potential get on board opportunities for investors.

Looking at the night market, Bitcoin needs to closely monitor the key level of 118,000. If it can stabilize above this level, we may see further increases, with the next targets possibly being 119,500, 120,830, or even 122,030. However, if it falls below 118,000, we may enter a 1-2 hour level correction, focusing on support levels such as 116,720, 115,700, and 114,730.

In terms of Ethereum, 3,725 is a key observation point. If it can firmly hold above this level, a rebound may occur in the short term, with resistance levels around 3,760, 3,800, and 3,857. However, if it cannot stabilize at 3,725, it may indicate insufficient rebound strength, and the market may continue to test support levels such as 3,670, 3,626, or 3,590.

For BNB, 760 is an important level worth noting. If it can stabilize above this level, it may bring further upward opportunities.

Overall, the current market is still in a state of high uncertainty, and investors need to remain vigilant, closely monitor changes at various key price levels, and adjust their trading strategies in a timely manner.
BTC-3.06%
ETH-1.99%
BNB-3.41%
SOL-7.66%
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
  • 3
  • Share
Comment
0/400
GasFeeCryervip
· 07-22 17:50
Who cares about these support levels, gas trading is what really matters.
View OriginalReply0
FUDwatchervip
· 07-22 17:50
You really dare to go long on spot.
View OriginalReply0
DefiEngineerJackvip
· 07-22 17:44
*sigh* technically speaking, these "support levels" are just arbitrary without formal verification models... show me the statistical significance or it's just astrology w better marketing
Reply0
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)