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With the arrival of Black Friday, the crypto asset market has once again fallen into turmoil. Bitcoin experienced a rebound of about 700 points in the early hours, but then continued to hit a low. Ethereum also saw a pullback after finding support around $4270.
Currently, Bitcoin is oscillating around $112,500. From a technical perspective, the hourly chart shows the price operating at the lower Bollinger Band, and the KDJ indicator has formed a golden cross upwards. However, the daily candle closed with a bearish trend yesterday, and it remains to be seen whether a bearish engulfing reversal will occur.
In the short term, Bitcoin may encounter resistance in the range of 112800-113400 USD, with support levels near 111700-110900 USD. For Ethereum, the range of 4260-4290 USD may become resistance, while the range of 4200-4160 USD could provide support.
In the face of such a volatile market, investors need to remain calm and rational. This market environment should not be viewed as a gamble that determines success or failure, but rather as a comprehensive learning experience. Experiencing such market fluctuations at a young age will undoubtedly accumulate valuable experience for future investment decisions.
Overall, the crypto assets market remains full of uncertainty. Investors should closely monitor market trends, manage risks effectively, and maintain a long-term perspective, avoiding being swayed by short-term fluctuations.