Recently, the Crypto Assets market has shown unique dynamics. Bitcoin (BTC) has performed steadily, oscillating slightly in the range of $114,000 to $116,000, demonstrating a certain level of fall resistance. Meanwhile, Ethereum (ETH) has experienced a noticeable rebound, briefly breaking through the resistance level of $3,640 and climbing to around $3,720, but was unable to hold above, currently seeking support near $3,670.



The recent rise of Ethereum is mainly benefited from the active purchases by institutional investors. However, the overall market sentiment remains cautious, which may make it difficult to sustain a continuous rise. It is worth noting that the pullback of Ethereum may trigger a chain reaction on other altcoins.

The altcoin market is still hovering near the resistance level overall. Taking WIF as an example, it encountered resistance around $0.94 and has failed to achieve a effective breakthrough for several days. This situation is common among most altcoins, reflecting the current market's lack of clear direction.

For investors, the current market conditions require patience and caution. It is recommended to focus on entry opportunities on the right side and avoid impulsive actions. Market opportunities often favor those who are well-prepared, so during this period of volatility, investors should make full use of the time to develop strategy planning and risk management.

Overall, the Crypto Assets market is at a critical turning point. Bitcoin's stable performance provides some support for the entire market, while Ethereum's catch-up has injected some vitality into the market. However, the stagnation in the altcoin market also reflects investors' cautious sentiment. The future direction of the market may depend on changes in macroeconomic factors, especially adjustments to the Federal Reserve's monetary policy. Investors need to closely monitor these factors to seize potential investment opportunities.
BTC0.58%
ETH6.53%
WIF5.98%
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PessimisticLayervip
· 08-08 02:40
This pump is unreliable, just wait for the crash.
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SignatureVerifiervip
· 08-07 16:27
technically speaking... these altcoin patterns show critical vulnerability thresholds
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DYORMastervip
· 08-05 19:50
Observing for what? Just stalling, waiting for the dumping.
View OriginalReply0
LightningClickervip
· 08-05 03:51
Waiting for the altcoin to pump!
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MetaverseVagabondvip
· 08-05 03:48
btc scam pump? Bearish!
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RektButSmilingvip
· 08-05 03:47
Enter a position and it's done.
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SolidityJestervip
· 08-05 03:37
Alts are really about to be sent.
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ZeroRushCaptainvip
· 08-05 03:28
Crypto Veterans are taught by the market to be suckers!
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